Negotiated cash fed cattle prices ended the week generally steady to $1 higher on a live basis and $2 higher in the beef, according to the Agricultural Marketing Service.
Live prices were at $111/cwt. in the Southern Plains, $110-$111 in Nebraska and $109-$110 in the western Corn Belt. Dressed trade was at $174.
Cattle futures mostly drifted lower on Friday, amid extremely light holiday trade.
Live Cattle futures closed an average of 47¢ lower (32¢ to 92¢ lower).
Feeder Cattle futures closed an average of 24¢ lower except for an average of 26¢ higher in two contracts.
Choice boxed beef cutout value was $2.21 lower Friday afternoon at $242.85/cwt. Select was 22¢ lower at $220.68.
Corn futures closed mostly 3¢ to 5¢ higher.
Soybean futures closed mostly 6¢ to 7¢ higher.