Follow through buying, a bump in wholesale beef values and notions of snugger short-term supply due to weather helped Cattle futures continue to gain on Tuesday.
Live Cattle futures closed an average of 71¢ higher (52¢ to $1.17 higher in spot Feb).
Feeder Cattle futures closed an average of $1.40 higher (72¢ to $1.90 higher).
Boxed beef cutout values were firm to higher on moderate to good demand and light to moderate offerings. Choice boxed beef cutout value was $1.78 higher on Tuesday afternoon at $206.85/cwt. Select 64¢ higher at $200.16.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More