Negotiated cash fed cattle trade ended the week mainly steady to $1 higher at $115/cwt. on a live basis and at $182 in the beef, based on USDA reports.
There were 1,264 head offered in a Friday edition of the Fed Cattle Exchange auction, and no takers.
Cattle futures traded sideways and closed marginally mixed Friday.
Other than 2¢ and 5¢ higher in the front two contracts, Live Cattle futures closed an average of 17¢ lower.
Other than 37¢ lower in spot Nov and 15¢ lower in Sep Feeder Cattle futures closed an average of 16¢ higher.
Wholesale beef values were weak to lower on light demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 26¢ lower Friday afternoon at $240.80/cwt. Select was $1.51 lower at $214.33.
Corn futures closed mostly 3¢ to 4¢ lower.
Soybean futures closed fractionally higher to 1¢ higher.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More