Cattle futures leaked lower in light trade on Thursday as traders awaited direction from the cash market. Negotiated cash fed trade remained undeveloped through Thursday afternoon.
Except for 12¢ higher in the back contract, Live Cattle futures closed an average of 25¢ lower.
Feeder Cattle futures closed an average of 55¢ lower.
Boxed beef cutout values were lower on Choice and firm on Select, with light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 88¢ lower in the afternoon at $217.41/cwt. Select was 56¢ higher at $201.61.
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