Negotiated cash fed cattle trade ranged from limited on light demand in the Southern Plains to slow on light to moderate demand in the North through Thursday afternoon, according to the Agricultural Marketing Service.
So far this week, live prices are $1 higher in the Southern Plains at $145/cwt., steady to $2 higher in Nebraska at $147-$148 and unevenly steady in the western Corn Belt at $148. Dressed prices are $2 higher at $232.
Choice Boxed beef cutout value was 13¢ lower Thursday afternoon at $246.53/cwt. Select was $1.60 higher at $215.86/cwt.
Cattle futures softened Thursday amid volatile outside markets and despite higher cash trade.
Feeder Cattle futures closed an average of 65¢ lower, except for 5¢ higher in Aug.
Live Cattle futures closed an average of 23¢ lower, except for 27¢ higher in spot Oct.
Corn futures closed mostly 3¢ to 4¢ higher.
Soybean futures closed mostly 4¢ to 6¢ higher, except for fractionally lower to 2¢ higher in the front four contracts.
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