Cattle futures closed mixed amid a volatile trading session, with fairly active trade in Live Cattle and the previous session’s increased open interest.
Live Cattle futures closed an average of $2.34 lower in the front three contract, (30¢ lower to $4.50 lower in spot Apr), but then an average of $1.04 higher (55¢ higher to $1.70 higher), except for unchanged in the back contract.
Except for 75¢ higher in the back contract, Feeder Cattle futures closed an average of $2.07 lower, (90¢ lower to $3.55 lower).
Wholesale beef values were lower to sharply lower on light demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $2.20 lower Friday afternoon at $230.44/cwt. Select was $6.28 lower at $215.84.
After 1¢ to 2¢ lower in the front two contracts, Corn futures closed mostly fractionally higher.
Soybean futures closed 2¢ to 4¢ lower.