Negotiated cash fed cattle trade was $2 higher in the Southern Plains at $126/cwt. on Thursday. Elsewhere, prices were trending generally steady with the previous week, but a higher range in Nebraska with too few to trend.
That and strong wholesale beef values helped push Cattle futures sharply higher, led by Live Cattle.
Live Cattle futures closed an average of $1.20 higher.
Other than 17¢ higher in the back contract, Feeder Cattle futures closed an average of $1.84 higher.
Choice boxed beef cutout value was 26¢ higher Thursday afternoon at $227.56/cwt. Select was $1.29 higher at $209.17.
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