After strong early support, apparent profit taking and another massive purge in equity markets put a lid on Cattle futures Thursday. Undeveloped cash fed cattle trade stalled traders, as well.
Live Cattle futures closed narrowly mixed, but mostly marginally lower (52¢ lower to 27¢ higher).
Feeder Cattle futures closed an average of 51¢ lower (2¢ to $1.05 lower in spot Mar).
Choice boxed beef cutout value was 84¢ lower on Thursday afternoon at $208.53/cwt. Select was 65¢ higher at $203.79.
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