Negotiated cash fed cattle trade for the week was $3-$5 lower at mostly $118-$119/cwt. Dressed trade was mostly $4-$5 lower at $189-$191.
Even so, Cattle futures continued to find stability toward the end of the week. Some credited Friday’s higher close, after early pressure, to the overall lack of trade.
Other than $1.10 lower in expiring June and 20¢ lower in spot Aug, Live Cattle futures closed an average of 61¢ higher (22¢ to 97¢ higher).
Feeder Cattle futures closed an average of $1.32 higher (75¢ to $2.32 higher).
Choice boxed beef cutout value was $1.82 lower Friday afternoon at $224.73/cwt. Select was $1.74 lower at $208.42.