At the Chicago Mercantile Exchange, live cattle futures were mixed ahead of the USDA’s Cattle on Feed report, which was out after the close, and feeders were up sharply on the drop in corn. August live was down $.37 at $170.77 and October was $.17 lower at $174.50. August feeders were up $3.27 at $233.95 and September was $3.17 higher at $237.70.Boxed beef cutout values closed lower. Choice closed $.46 higher at $334.01 and Select was $3.84 at $299.96. The Choice/Select spread is $34.05.
