Cash fed cattle trade ended up being another last-hour affair, with potentially another week of light volume. Through late Friday afternoon, the only reported prices from USDA were $109-$110/cwt. in the Texas Panhandle, which was $3 less than the previous week.
Other than 37¢ and 22¢ lower in the front two contracts, Live Cattle futures closed an average of 32¢ higher, except for 15¢ lower in the back contract.
Except for unchanged in the back contract, Feeder Cattle futures closed an average of 46¢ higher.
Boxed beef cutout values were steady to firm on light to moderate demand and light offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 25¢ lower in the afternoon at $217.16/cwt. Select was 41¢ higher at $202.02.
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