Cattle feeders won the battle last week in late trade. Live prices were $1 higher at $106/cwt., except for $2 higher in the western Corn Belt at $105-$107. Dressed trade was generally steady at $165-$168.
The CME Feeder Cattle Index edged above $150.00 for the first time since early August.
Live Cattle futures closed mostly marginally higher on Monday (12¢ to 65¢ higher) except for 17¢ lower in spot Oct, 25¢ lower in Feb and unchanged in Aug.
Feeder Cattle futures closed an average of $1.09 higher (57¢ to $1.47 higher).
Choice boxed beef cutout value was $1.20 higher Monday afternoon at $192.62/cwt. Select was $1.85 higher at $187.70.
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