Cattle futures were lower again Wednesday with funds likely taking more risk off the table following the previous session’s jolt.
Toward the close, Live cattle futures were an average of $1.16 lower. Feeder Cattle futures were an average of $2.65 lower.
Negotiated cash fed cattle trade was mostly inactive on light to moderate demand in all major cattle feeding regions through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
FOB live prices last week were $220/cwt. in the Texas Panhandle, $219-$221 in Kansas, $230-$231 in Nebraska and $229-$231 in the western Corn Belt. Dressed delivered prices were $360-$367 in Nebraska and $360-$365 in the western Corn Belt.
Choice boxed beef cutout value was $3.57 higher Wednesday afternoon at $365.42/cwt. Select was 91¢ higher at $351.74.
Grain and Soybean futures ground sideways to lower Wednesday.
Toward the close and through Mar ‘26 contracts, Corn futures were 3¢ to 8¢ lower. Kansas City Wheat futures were unchanged to 1¢ higher. Soybean futures were 12¢ to 14¢ lower.
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