Negotiated cash fed cattle prices gained on Thursday with moderate trade and good demand in the Texas Panhandle, Nebraska and the western Corn Belt, according to the Agricultural Marketing Service.
FOB live prices were $1-$2 higher in the Texas Panhandle at mostly $220/cwt., $1-$4 higher in Nebraska at $229 and $1-$2 higher in the westerner Corn Belt at $227-$229. Dressed delivered prices were $3 higher at $358.
Trade in Kansas was limited on good demand with too few transactions to trend. FOB live prices there last week were $218-$220.
Choice boxed beef cutout value was 54¢ higher Thursday afternoon at $349.90/cwt. Select was $3.33 higher at $339.18.
However, Cattle futures were sharply lower again Thursday with follow-through pressure from the previous session’s selloff. Growing concern about the potential of New World screwworm reaching the United States hovers in the background.
Toward the close, Live Cattle futures were an average of $4.06 lower. Feeder Cattle futures were an average of $6.03 lower.
Grain and Soybean futures were mixed Thursday.
Toward the close and through Mar ‘26 contracts, Corn futures were 2¢ lower to 2¢ higher. Kansas City Wheat futures were 4¢ to 5¢ higher. Soybean futures were 21¢ to 34¢ lower, perhaps with some sympathy to lower Crude Oil futures.
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