Slaughter steers and heifers sold mostly $2-$4 higher at Sioux Falls Regional in South Dakota on Wednesday, with instances of $6 higher. Choice 2-3 steers brought $124-$126/cwt., which was $1-$3 more than last week’s country trade.
There were just 494 head offered in the weekly Fed Cattle Exchange Auction—no takers. One lot of heifers for current delivery was a P.O. at $123.75.
That helped Live Cattle futures close a touch higher on Wednesday, while profit taking and positioning ahead of Friday’s monthly Cattle on Feed report pressured Feeder Cattle.
Live Cattle futures closed an average of 26¢ higher (unchanged to 70¢ higher in spot Feb).
Feeder Cattle futures closed an average of 57¢ lower (42¢ to $1.07 lower).
Wholesale beef values were firm to higher on moderate to good demand and light to moderate offerings. Choice boxed beef cutout value was $1.14 higher on Wednesday afternoon at $207.99/cwt. Select 69¢ higher at $200.85.
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