Negotiated cash fed cattle trade ended the week $2-$3 lower at $119/cwt. on a live basis and $3 lower in the beef at $190.
Recent oversold conditions continued to help lift Cattle futures higher Friday as traders positioned for the three-day weekend.
Live Cattle futures closed an average of $1.17 higher, from 77¢ higher to $1.80 higher toward the front of the board.
Feeder Cattle futures closed an average of $2.36 higher. That’s an average of $3.62 higher in the last two sessions.
Wholesale beef values were higher on good demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.64 higher Friday afternoon at $208.09/cwt. Select was $1.92 higher at $205.71.
Corn futures closed mostly 2¢ to 3¢ lower.
Soybean futures closed 2¢ lower to 2¢ higher.