Negotiated cash fed cattle trade ended the week on a decidedly upbeat note. Live sales in the Southern Plains were at $115/cwt., which was $5 more than earlier in the week and $10-$20 higher than the previous week. Live sales in Nebraska were $19-$20 higher than the previous week at $114-$115. Live sales in the western Corn Belt were mainly $3-$10 higher than the previous week at mostly $103; dressed sales there were $20-$30 higher at mostly $180.
Cattle futures closed lower Friday on likely profit taking, but still significantly higher week to week.
Live Cattle futures closed an average of 84¢ lower to an average of 44¢ higher.
Feeder Cattle futures closed an average of 95¢ lower (65¢ lower to $2.37 lower in spot May).
Choice boxed beef cutout value was $2.34 higher Friday afternoon at $460.88/cwt. Select was 42¢ higher at $448.99.
Corn futures closed mostly 1¢ to 2¢ higher.
Soybean futures closed mostly 6¢ to 7¢ higher.