Beef market leveling off this morning:
Live cattle futures settled Thursday with most front contracts 50 to 70 cents weaker. Feeder futures were down 35 cents to $1.27 on the day. The CME feeder cattle index on January 3 was $155.60, down 30 cents from the previous day. But Wholesale boxed beef values were higher on Thursday afternoon. Choice boxes averaged 5 cents higher at $208.67, with Select boxes up $1.70 per cwt at $200.86.