Whether it was retrenching for another run or a rudderless lull, Cattle futures stabilized by session’s end on Thursday, with lower corn prices helping buoy Feeder Cattle futures.
After 45¢ and 5¢ lower in the front two contracts, Live Cattle futures closed an average of 40¢ higher (32¢ to 60¢ higher).
Feeder Cattle futures closed an average of 84¢ higher (35¢ to $1.15 higher).
Choice boxed beef cutout value was 39¢ lower Thursday afternoon at $212.74/cwt. Select was 59¢ lower at $198.30.
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