Cattle futures rallied a bit on Friday, buoyed by apparent short covering and likely a psychological lift from news late the previous day that USDA halted fresh Brazilian beef imports.
Live Cattle futures closed an average of 57¢ higher (32¢ to $1.00 higher).
Feeder Cattle futures closed an average of $1.52 higher ($1.25 to $2.07 higher).
Choice boxed beef cutout value was $3.13 lower Friday afternoon at $239.75/cwt. Select was 20¢ lower at $216.72.
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