Packers and feedlots remained a good $4-$5 apart by most accounts, through late Thursday afternoon, but expectations continue for steady to higher cash trade. That and a step higher in wholesale beef values helped lift Cattle futures.
Choice boxed beef cutout value was $1.23 higher on Thursday afternoon at $209.04/cwt. Select was $1.63 higher at $205.14.
Except for 20¢ higher at the back of the board, Live Cattle futures closed an average of $1.18 higher (62¢ to $2.02 higher in near Apr).
Feeder Cattle futures closed an average of $1.49 higher ($1.02 to $1.95 higher).
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