Negotiated cash fed cattle prices ended the week generally $1-$2 higher on a live basis at $97/cwt. in the Southern Plains, $100 in Nebraska, $98 in Colorado and steady at $101-$102 in the western Corn Belt. Dressed prices were $2 higher at $160.
Through Thursday, the average five-area direct weighted steer prices was $98.49/cwt. on a live basis, which was $1.26 more than the previous week, but $15.48 less than the same time last year. The average dressed steer price of $160.02 was $1.92 higher than the previous week, but $24.49 less than the previous year.
Cattle futures closed higher again Friday, helped along by cash strength, as well as week-end and month-end positioning and book squaring.
Live Cattle futures closed an average of $1.01 higher.
Feeder Cattle futures closed an average of $1.63 higher.
Choice boxed beef cutout value was $1.46 higher Friday afternoon at $203.26/cwt. Select was $1.61 lower at $189.89.
Corn futures closed mostly fractionally higher.
Soybean futures closed 2¢ to 4¢ higher.