As expected, weekly cash fed cattle trade was slow out of box through Wednesday afternoon.
None of the cattle sold out of the 2,456 head offered in the weekly Fed Cattle Exchange auction Wednesday. There was one lot of Kansas heifers (89 head) passed on at $122.25/cwt.
Likewise, there was too little country trade to trend.
That lack of cash direction helped quash early follow through support for Cattle futures, which closed lower but in the long-term, narrow range.
Live Cattle futures closed an average of 49¢ lower (30¢ to $1.10 lower).
Feeder Cattle futures closed an average of 61¢ lower (42¢ to $1.02 lower).
Choice boxed beef cutout value was 3¢ higher Tuesday afternoon at $230.96/cwt. Select was 98¢ lower at $208.95.
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