Cash fed cattle sales for the week were a staggering $4-$9 higher on a live basis at mostly $125/cwt. ($120-$122 in the western Corn Belt. Dressed trade was $7-$12 higher at mostly $192.
Aggressive gains in cash fed cattle prices late Thursday and on Friday fueled sharp gains in Cattle futures on Friday.
Live Cattle futures closed an average of $2.79 higher through the front three contracts ($2.40 to $3.00 higher) and then an average of $1.09 higher.
Feeder Cattle futures closed an average of $2.82 higher ($2.50 to $3.30 higher).
Choice boxed beef cutout value was 49¢ higher Friday afternoon at $208.74/cwt. Select was 8¢ lower at $193.08.
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