Cattle Current Podcast—Sept. 1, 2026

Cattle futures overcame more government intervention in the cattle business (see below) on Monday to eke out gains with oversold conditions.

Toward the close, Live Cattle futures were an average of 73¢ higher.  Feeder Cattle futures were an average of 25¢ higher except for an average of $1.07 lower in the back two contracts.

Negotiated cash fed cattle trade was mostly inactive on light demand in the North through Monday afternoon, according to the Agricultural Marketing Service. Last week, FOB live prices were $218-$222/cwt., which was $4-$7 lower in Nebraska and $3-$7 lower in the western Corn Belt. Dressed delivered prices were mostly $345, which was $10-$11 lower.

Last week’s weighted average five-area direct FOB live fed steer price was $5.76 lower at $219.25. The weighted average dressed delivered fed steer price was $10.12 lower at $345.42.

Choice boxed beef cutout value was 41¢ lower Monday afternoon at $375.82/cwt. Select was $2.59 lower at $358.49.

Grain and Soybean closed futures were mixed on Monday.

Toward the close and through the front four contracts, Corn futures were mostly fractionally higher to 2¢ higher. Soybean futures were narrowly mixed, from fractionally lower to 1¢ higher. Kansas City HRW Wheat futures were 4¢ to 8¢ lower with likely profit taking.