Cash fed cattle trade for the week continued at an impasse on Thursday, as Cattle futures crawled higher—continuing the week’s two-sided action—helped along by firming wholesale beef values and steady to stronger cash fed cattle prices at auction.
Except for 20¢ higher at the back of the board, Live Cattle futures closed an average of 83¢ higher (45¢ to $1.12 higher).
Except for 2¢ higher at the back of the board, Feeder Cattle futures closed an average of $1.50 higher ($1.35 to $1.70 higher).
Choice boxed beef cutout value was 16¢ lower Thursday afternoon at $197.26/cwt. Select was 77¢ lower at $188.78.
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