Cattle futures, fell hard again Friday as traders continue to exit contracts and beef demand uncertainty grows.
Live Cattle futures closed an average of $3.52 lower ($2.55 to limit-down $4.50 in spot April).
Feeder Cattle futures closed limit-down $4.50.
Wholesale beef values were steady to weak on light to moderate demand and moderate to heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 73¢ lower Friday afternoon at $252.84/cwt. Select was 21¢ higher at $242.38.
Corn futures closed mostly 2¢ to 3¢ lower.
After unchanged to 1¢ higher in the front three contracts, Soybean futures closed mostly 6¢ to 9¢ lower.