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Live cattle futures reported gains of $0.25 to $1.25 by midday on Friday, with cash trade citing prices of $225-227 in the North and $228 in the South. Feeder cattle futures also saw an increase of $1 to $2.05. The CME expanded limits for live cattle and feeders to $10.75 and $13.75, respectively.
USDA Wholesale Boxed Beef prices weakened, with Choice boxes down $2.89 to $370.68 and Select boxes down 50 cents to $354.53, narrowing the Chc/Sel spread to $16.15. Thursday’s federally inspected cattle slaughter reached 120,000 head, totaling 471,000 for the week—15,000 head above last week and 13,455 head below the same week last year.
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