Although too few to trend, there were a few trades on Thursday at the upper end of last week’s range: $108/cwt. on a live basis and $172 in the beef.
Cattle futures closed narrowly mixed on Thursday amid sluggish trade and waiting for the week’s cash fed cattle trade to provide some near-term direction.
Live Cattle futures closed 25¢ lower to 40¢ higher.
Feeder Cattle futures closed 22¢ lower to 50¢ higher.
Choice boxed beef cutout value was $1.11 higher Thursday afternoon at $196.41/cwt. Select was 80¢ lower at $189.11.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More