Cattle futures mostly firmed on Friday.
Live Cattle futures closed an average of 92¢ higher, except for 25¢ lower and unchanged in the front two contracts.
Feeder Cattle futures closed an average of $1.68 higher.
Week to week on Friday, Live Cattle futures closed mixed, from an average of $1.12 lower in the front four contracts to an average of 72¢ higher. Feeder Cattle futures closed an average of $4.65 higher (see below).
Negotiated cash fed cattle trade ranged from inactive on light demand in the Texas Panhandle to light on moderate demand in the North, through Friday afternoon, according to the Agricultural Marketing Service.
For the week, FOB live prices were $3 lower in the Texas Panhandle at $237/cwt., $3-$5 lower in Kansas, at $235-$237, $3-$4 lower in Nebraska at $232-$235 and $4-$5 lower in the western Corn Belt at mostly $232. Dressed delivered prices were $5 lower in Nebraska at $365 and $3-$11 lower in the western Corn Belt at $365.
Choice boxed beef cutout value was 54¢ lower Friday afternoon at $371.43/cwt. Select was $1.01 lower at $352.44.
Grain futures closed lower Friday. Corn futures closed 1¢ to 3¢ lower. KC HRW Wheat closed 6¢ to 7¢ lower. However, Soybean futures closed 1¢ to 2¢ higher.
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