Cattle futures closed higher Friday but continued the back and forth sideways path.
Live Cattle futures closed an average of 85¢ higher.
Feeder Cattle futures closed an average of $2.64 higher.
Week to week on Friday, Live Cattle futures closed an average of 90¢ higher (20¢ higher toward the front to $1.62 higher near the back), except for 77¢ lower in spot Oct. Feeder Cattle futures were an average of $2.77 higher (17¢ higher at the front to $4.27 higher toward the back).
Negotiated cash fed cattle trade ranged from limited on moderate demand in the western Corn Belt to mostly inactive on light to moderate demand elsewhere through Friday afternoon, according to the Agricultural Marketing Service.
For the week, FOB live prices were $2-$5 lower in Nebraska at $230/cwt. and mainly $2 lower in the western Corn Belt at $230. Dressed delivered prices were $5 lower at $360.
The previous week, FOB live prices were $237/cwt. in the Texas Panhandle and $235-$237 in Kansas.
Choice boxed beef cutout value was 95¢ lower Friday afternoon at $362.27/cwt. Select was $1.98 higher at $345.38. Week to week on Friday, Choice was $9.16 lower and Select was $7.06 lower.
Harvest pressure weighed on the grain complex Friday.
Corn futures closed mostly 2¢ lower. KC HRW Wheat closed 1¢ to 2¢ lower. Soybean futures closed mostly 4¢ to 5¢ lower.
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