Cattle Current Podcast—July 28, 2026

Cattle futures were down hard on Monday, in reaction to USDA’s plans to open the U.S. border to Mexican feeder cattle imports.

Toward the close, Live Cattle futures were an average of $6.26 lower.

Feeder Cattle futures were mostly limit-down, an average of $10.38 lower across the board.

Negotiated cash fed cattle trade was inactive on light demand in all cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $7 lower in Kansas at $230-231/cwt. FOB live prices were mostly $230 in the North, which was mainly $10 lower in Nebraska and $10-$15 lower in the western Corn Belt. Dressed delivered prices were $365, which was mostly $15 lower in Nebraska and $5-$20 lower in the western Corn Belt.

Last week’s weighted average five-area direct FOB live fed steer price was $7.80 lower at $230.48/cwt. The weekly weighted average dressed delivered fed steer price was $11.68 lower at $365.33.

Choice boxed beef cutout value was $1.65 higher Monday afternoon at $362.89. Select was $1.55 lower at $345.16.

Grain and Soybean futures were down on sharply lower Crude Oil futures and a more favorable weather outlook.

Toward the close and through the front four contracts, Soybean futures were 41¢ to 42¢ lower.  Kansas City HRW Wheat futures were 14¢ to 17¢ lower.  Corn futures were 10¢ to 14¢ lower.