Negotiated cash fed cattle trade was limited on light demand in all major cattle feeding regions through Friday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
For the week, live prices were $1 higher in the Southern Plains at $143/cwt. and $1-$3 higher in Nebraska and the western Corn belt at $146-$148. Dressed prices were $2 higher at $230.
Choice Boxed beef cutout value $1.29 lower Friday afternoon at $246.07/cwt. Select was 86¢ lower at $216.13.
Cattle futures limped to a narrowly mixed close on Friday.
Feeder Cattle futures closed mixed from an average of 38¢ lower through May ’23, then up 13¢ to 38¢.
Live Cattle futures closed mixed, down 15¢ to up 28¢.
The strong U.S. dollar capped Grain and Soybean futures Friday.
Corn futures closed mixed, 4¢ to 8¢ higher through Jul ’24 then down 1¢.
Soybean futures closed 3¢ to 9¢ higher through Sep ’24 and then 3¢ lower.
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