Cattle Ignoring Cash Trade and Falling on Friday
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Live cattle futures experienced losses of 97 cents to $1.85 on Friday, with cash trade ranging from $256 to $260. Feeder cattle futures also fell, with declines of up to $3.90. The CME Feeder Cattle Index decreased by $2.90 to $372.29. Wholesale Boxed Beef prices rose, with Choice boxes up $2.08 to $389.02. USDA reported a cattle slaughter of 109,000 head on Thursday, totaling 422,000 for the week, down 12,000 from last week and 46,428 from the same week last year.
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