Cash fed cattle prices ended up mainly $3 higher last week at $123/cwt. ($2-$3 higher in the western Corn Belt at $122-$123). Dressed trade was $3 higher at $195.
That helped renew support in Cattle futures. Traders also were eying another round of severe winter weather in the Northern Plains that will slow production.
Except for 25¢ lower in the back contract, Live Cattle futures closed an average of 78¢ higher (35¢ to $165 higher).
Except for 5¢ lower in spot Jan, Feeder Cattle futures closed an average of 64¢ higher (22¢ to $105 higher).
Choice boxed beef cutout value was 21¢ higher on Monday afternoon at $205.07/cwt. Select 64¢ lower at $199.52.
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