Cattle futures rallied back Thursday, fueled by confirmation that no traces of Bovine Influenza A virus (BIAV) were found in ground beef samples by USDA’s Animal and Plant Health Inspection Service (APHIS).
Live Cattle futures closed an average of $2.37 higher.
Feeder Cattle futures closed an average of $3.26 higher.
Negotiated cash fed cattle trade ranged from slow on light demand in the North to a standstill in the Southern Plains through Thursday afternoon, according to the Agricultural Marketing Service.
For the week, FOB live prices are $2-$3 higher in Nebraska at $187/cwt. and $1-$3 higher in the western Corn Belt at $187. Dressed delivered prices are steady to $1 higher at $294-$295.
FOB live prices in the Southern Plains last week were $182.
Choice boxed beef cutout value was 64¢ lower Thursday afternoon at $292.90/cwt. Select was 9¢ lower at $287.98/cwt.
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