Cattle futures finished marginally mixed on Friday, following strong pressure early on. Cash markets offered no direction as negotiated fed cattle trade remained undeveloped through Friday afternoon.
Live Cattle futures closed unchanged to an average of 12¢ higher, except for 5¢ lower in Apr.
Except for 45¢ higher in the back contract, Feeder Cattle futures closed an average of 28¢ lower.
Choice boxed beef cutout value was 10¢ lower Friday afternoon at $230.97/cwt. Select was 45¢ lower at $208.69. Select and Choice rib, round, and loin cuts sold steady to weak, according to the Agricultural Marketing Service. Chuck cuts traded steady to firm. Beef trimmings sold unevenly steady on light to moderate demand and offerings.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More