Only 596 head were offered in the weekly Fed Cattle Exchange Auction. There were no sales, but two lots of heifers (287 head) passed out at $110 and $112/cwt.
Cattle futures edged lower amid light trade and uncertainty about the week’s cash direction.
Live Cattle futures closed an average of 38¢ lower.
Feeder Cattle futures closed an average of 62¢ lower (15¢ to $1.30 lower).
Boxed beef cutout values were lower on light to moderate demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.02 lower in the afternoon at $223.90/cwt. Select was $1.09 lower at $202.30.
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