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Austin Schroeder at Barchart.com said, “Live cattle futures posted gains of 42 cents to $2.22 across the board on Wednesday. Cash trade has been quiet so far this week following the $232-235 last week. There was some $370-371 dressed trade reported, with southern bids at $230-235.The Wednesday Fed Cattle Exchange online auction showed no sales on the 734 head offered, with bids at $230-230.50 live and $365 dressed.”
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Boxed beef cutout values this afternoon were lower on Choice and lower on Select, the USDA said.
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