At $109/cwt. Thursday, negotiated cash fed cattle trade in the Southern Plains was $1.50 lower than the previous week, amid moderate trade and light to moderate demand. Live trade in other regions this week was generally steady to $1 lower at $108-$110, but mostly $109.00-$109.50. Dressed sales were steady to $1 either side of even at $172-$174.
Cattle futures closed narrowly mixed to lower Thursday, pressured by softer cash prices and perhaps some positioning ahead of Friday’s monthly Cattle on Feed report. Trade continued sluggish and open interest continued to decline.
Live Cattle futures closed an average of 35¢ lower.
Feeder Cattle futures closed 25¢ lower to 32¢ higher.
Wholesale beef values were firm on moderate demand and light offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 33¢ higher Thursday afternoon at $214.37/cwt. Select was 2¢ higher at $203.99.
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