Negotiated cash fed cattle trade for the week ended up mostly $2-$3 higher on a live basis at $116-$117/cwt. ($113-$114 in the western Corn Belt), and $2-$7 higher in the beef at $180-$185.
Cattle futures continued higher on Friday, amid light holiday trade and continued support from the friendly Cattle on Feed report and stronger cash fed cattle prices.
Live Cattle futures closed an average of 37¢ higher (7¢ to 70¢ higher).
Except for unchanged to 20¢ lower in the back three contracts, Feeder Cattle futures closed an average of 83¢ higher.
Corn futures closed mostly 1¢ to 2¢ lower.
Wholesale beef values were steady on moderate demand and light offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 16¢ higher Friday afternoon at $213.85/cwt. Select was 25¢ higher at $198.51.