Other than Nebraska, negotiated cash fed cattle trade remained mostly undeveloped through late Friday afternoon. Live trades there were $1 lower than the previous week at $110-$110.50/cwt. Dressed trade was steady at $175.
Late Friday, the Texas Cattle Feeders Association reported its members trading cattle at steady money of $111.
Cattle futures firmed on Friday with apparent positioning ahead of the monthly Cattle on Feed report (see below).
Except for 5¢ higher in the back contract, Live Cattle futures closed an average of 51¢ higher.
Feeder Cattle futures closed an average of 87¢ higher across the front half of the board, and then an average of 10¢ higher.
Wholesale beef values were steady to firm on light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 28¢ higher Friday afternoon at $204.80/cwt. Select was 20¢ lower at $194.71.
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