Negotiated cash fed cattle trade was at $104-$105/cwt., which was $1-$3 less than the previous week. Dressed trade was $2-$5 less at mainly $165-$166.
Cattle futures edged mostly higher by the end of light trade on Friday, likely mostly due to light trade and position squaring ahead of the long weekend. Traders will return from Labor Day looking for indications of how aggressive consumers were in purchasing beef for the last unofficial holiday of summer.
Except for 25¢ lower in new spot Oct, Live Cattle futures closed an average of 52¢ higher (30¢ to 77¢ higher).
Feeder Cattle futures closed an average of 45¢ higher (12¢ to 85¢ higher).
Choice boxed beef cutout value was 56¢ lower Friday afternoon at $191.35/cwt. Select was 69¢ lower at $190.65.
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