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Live cattle futures closed almost $3 higher while most feeder cattle contracts posted even larger gains. The CME feeder cattle index reported for Feb. 25 is $208.27, down 34 cents. Reported cash cattle trade remained light on Thursday without enough sales to determine market trend. A few sales reported in NE and the WCB were at $157, with dressed sales at $252. The boxed beef price continued its rally and ended the day at $247.03 for Choice and $244.90 for Select, up 54 cents and 3 cents respectively. Week to date slaughter is 417 head, up 1K from a week ago, but off 31K head from the same period a year ago. Weekly export sales reported this morning were 13,900 MT making a third week over 13,000 out of the past four and bringing sales to 18.5% over the same time last year.
Feb 15 Cattle closed at $161.125, up $2.775,
Apr 15 Cattle closed at $149.800, up $2.950,
Jun 15 Cattle closed at $142.950, up $2.875,
Mar 15 Feeder Cattle closed at $200.300, up $3.325
Apr 15 Feeder Cattle closed at $199.050, up $3.200
May 15 Feeder Cattle closed at $198.925, up $3.350