Cattle futures edged lower on Friday…though softer week to week, cash calf and feeder cattle prices should strengthen seasonally with the new year… coming up on your Cattle Current Market Update with Wes Ishmael.
Cattle futures settled lower on Friday, after follow-through support early in the session. The overall tone remains weak.
Except for a few cents higher in a couple of contracts, Live Cattle futures closed 32¢ lower.
Feeder Cattle futures closed an average of 85¢ lower (67¢ to $1.17 lower).
Choice boxed beef cutout value was 51¢ higher on Friday afternoon at $205.59/cwt. Select was $2.14 higher at $185.97.
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