Cash fed cattle trade remained undeveloped through Thursday afternoon, although chatter continued about still-snug front-end supplies, stout boxed beef sales and declining carcass weights.
Other than 12¢ higher in the back contract, Live Cattle futures closed an average of 86¢ higher (50¢ to $1.85 higher in spot Jun).
Feeder Cattle futures closed an average of $1.11 higher, not counting 37¢ higher in the back contract.
Choice boxed beef cutout value was 11¢ higher Thursday afternoon at $231.07/cwt. Select was 19¢ higher at $209.14. Select and Choice rib, round, and loin cuts traded steady to firm, while chuck cuts sold steady to weak, according to the Agricultural Marketing Service.
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