Weekly negotiated cash fed cattle trade was late again on Friday, but at prices reportedly $1-$2 higher than the previous week on a live basis at $113-$114/cwt. and as much as $4 high in the beef at $178.
Notions of stronger cash prices and technical buying helped Cattle futures close solidly higher.
Live Cattle futures closed an average of $1.29 higher (82¢ to $2.07 higher).
Feeder Cattle futures closed an average of $1.41 higher.
Boxed beef cutout values were higher on Choice and steady on Select with moderate to fairly good demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 95¢ higher Friday afternoon at $204.75/cwt. Select was 1¢ lower at $197.09.
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