Based on USDA reports through late Friday afternoon, the only trendable negotiated cash fed cattle trade for the week was steady money in the Southern Plains at $124/cwt.
Week-end positioning, reduced tonnage from another storm and the promise of grilling-season demand helped lift Cattle futures on Friday.
Live Cattle futures closed an average of 66¢ higher.
Except for unchanged in spot Apr and an average of 29¢ lower in the back two contracts, Feeder Cattle futures closed an average of 62¢ higher.
Corn futures closed fractionally higher through Sep ’20 and then mostly fractionally lower.
Soybean futures closed mostly fractionally lower.
Wholesale beef values were steady on Choice and higher on Select with moderate to fairly good demand and heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 1¢ higher Friday afternoon at $228.84/cwt. Select was $1.07 higher at $221.02.