Cattle futures surged higher on Thursday—led by Live Cattle—amid short covering, technical buying and the notion that cash fed cattle prices for the week will be firm to a touch higher.
Live Cattle futures closed an average of $1.87 higher ($1.62 to $2.25 higher).
Feeder Cattle futures closed an average of $3.62 higher ($2.90 to $4.42 higher).
Choice boxed beef cutout value was 59¢ lower Thursday afternoon at $212.48/cwt. Select was 6¢ higher at $200.67.
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