Cash fed cattle sales ended the week steady to $2 higher at mostly $120/cwt. Dressed trade was steady to $1 lower at $189-$190.
Cattle futures tottered to minimal gains on Friday, gaining back some of the previous day’s losses.
Live Cattle futures closed an average of 27¢ higher (7¢ to 55¢ higher).
Feeder Cattle futures closed an average of 81¢ higher (50¢ to $1.10 higher).
Choice boxed beef cutout value was 74¢ lower Friday afternoon at $206.91/cwt. Select was 78¢ lower at $194.80.
Monday’s open may feel a little like crawling on a new horse in a dust storm. On one hand, cash fed cattle trade was steady to stronger at the end of the week. On the other, July feedlot placements were 16% higher, well outside the bounds of what analysts expected.