Cattle futures were narrowly mixed Wednesday, awaiting the week’s cash direction.
Before settlement, Live Cattle futures were an average of 34¢ lower. Feeder Cattle futures were narrowly mixed, from an average of 55¢ lower to an average of 29¢ higher with the most support in nearby months.
Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $190/cwt. in the Southern Plains, $198 in Nebraska and $196-$198 in the western Corn Belt. Dressed delivered prices were $312/cwt.
Choice boxed beef cutout value was 29¢ higher Wednesday afternoon at $314.77/cwt. Select was $1.22 lower at $300.16/cwt.
Grain and Soybean futures were narrowly mixed Wednesday.
Heading into the close, through Jly ’25 contracts, Corn futures were 3¢ to 6¢ lower. Kansas City Wheat futures were fractionally lower to 2¢ lower. Soybean futures were 1¢ to 4¢ higher.
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