Negotiated cash fed cattle trade remained mostly undeveloped for the week through Friday afternoon. Although too few to trend, there were a few live trades in Kansas at $118-$120/cwt.; some earlier in the week in the Texas Panhandle at $117.
Cattle futures closed mixed on Friday, amid apparent profit taking and waiting on direction from cash fed cattle.
Other than unchanged to 15¢ lower in four contracts, Live Cattle futures closed an average of 48¢ higher (20¢ higher to 80¢ higher in spot Apr).
Except for 30¢ and 10¢ lower at the back of the board, Feeder Cattle futures closed an average of 47¢ higher.
Choice boxed beef cutout value was 13¢ higher Friday afternoon at $212.61/cwt. Select was 76¢ lower at $199.91.
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