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Austin Schroeder at Barchart.com said, “Live cattle futures were $4.55 to $5.30 higher on the Friday session with December up $1.125 last week. Open interest dropped 1,161 contracts on Friday. Cash trade improved late last week with $220 in the South on Friday, with some northern trade at $215, up from the $208-210 seen in the first half.”
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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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