Cattle futures mostly gained Wednesday, helped along by bullish Choice wholesale beef values.
Toward the close, Live Cattle futures were an average of 39¢ higher. Feeder Cattle futures were an average of $1.25 higher, except for 15¢ lower in waning Mar.
Negotiated cash fed cattle trade was light on very light demand in the western Corn Belt through Wednesday afternoon, according to the Agricultural Marketing Service. There were a few FOB live trades at $213/cwt.
Elsewhere, trade was mostly inactive on very light demand.
Last week, FOB live prices were $210 in the Southern Plains and $212-$215 in the North. Dressed delivered prices were $335.
Choice boxed beef cutout value was $3.11 higher Wednesday afternoon at $338.30/cwt. Select was $2.48 higher at $316.53.
Grain and Soybean were lower Wednesday with follow-through concerns including early-planting pressure, tariff wonderments and the upcoming USDA Grain Stocks and Planting Intentions reports.
Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 6¢ lower. Kansas City Wheat futures were mostly 5¢ to 6¢ lower. Soybean futures were fractionally mixed to 1¢ lower.
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