Negotiated cash fed cattle trade remained undeveloped through Thursday afternoon.
Cattle futures gained a little ground, with some attributing part of the strength to rumors that Japan will remove its age restriction on U.S. beef—implemented in the wake of BSE discovered here in 2003.
Other than 20¢ lower in the back contract, Live Cattle futures closed an average of 27¢ higher.
Other than 35¢ lower in expiring Nov, Feeder Cattle futures closed an average of 85¢ higher.
Wholesale beef values were firm on moderate to good demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 39¢ higher Thursday afternoon at $213.55/cwt. Select was 40¢ higher at $197.58.