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Boxed beef prices rose for choice and select cuts.
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Weaker wholesale beef prices, known as the boxed beef cutout, also ate into profit margins for packers.
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Choice-grade boxed beef was up $1.48 to $204.19 per cwt, USDA data showed.
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Daily boxed beef cutout values estimated by the U.S. Department of Agriculture, an indication of wholesale beef prices, have soared as well.
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Meanwhile feeder cattle futures strengthened while live cattle remained flat as strong boxed beef prices improved packer margins, keeping processors pulling beef forward, Houghton said.
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The wholesale choice boxed beef cutout value rose $2.21 to $212.76 per cwt on Tuesday afternoon, the U.S. Department of Agriculture said.
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The USDA quoted choice boxed beef cutout on Monday afternoon at $217.22 per cwt, up $1.56 from Friday, while select cutout rose $0.65 to $189.33.