Weekly cash fed cattle trade remained a no-go through Thursday afternoon with feedlots eyeing recent futures market strength and packers apparently overlooking apparent regional snugness in supplies.
Cattle futures continued to firm on Thursday with chatter about more optimistic demand in the short run and the chance for prices to rally.
Live Cattle futures closed an average of 67¢ higher (7¢ to 97¢ higher in spot Feb).
Feeder Cattle futures closed an average of $1.21 higher through the front four contracts and then an average of 71¢ higher, except for 12¢ higher in the back contract.
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