Cattle futures continued lower on Thursday, pressured by lower wholesale beef values, sharply lower cash fed cattle prices and increasing skittishness about prices and demand through the summer.
Choice boxed beef cutout value was $2.54 lower Thursday afternoon at $242.88/cwt. Select was $1.98 lower at $216.92.
Live Cattle futures closed an average of 89¢ lower (57¢ to $1.15 lower).
Feeder Cattle futures closed an average of 96¢ lower across the front half of the board and then an average of 40¢ lower.