Cattle futures closed solidly lower Thursday amid trade worries, pressure on commodities overall, lower wholesale beef prices and the lack of cash direction.
Live Cattle futures closed an average of $1.60 lower (92¢ at the back of the board to $2.12 lower).
Feeder Cattle futures closed an average of $1.61 lower.
Boxed beef cutout values were weak to lower on light to moderate demand and moderate to heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.82 lower in the afternoon at $222.08/cwt., the lowest since the end of April. Select was 33¢ lower at $201.97.
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