Cattle Current Podcast—Nov. 3, 2026

Cattle futures sought stability Monday after the previous session’s free fall.

Toward the close, Live Cattle futures were an average of 53¢ lower, except for $1.97 higher at the back of the board. Feeder Cattle futures were an average of 98¢ higher.

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

FOB live prices last week were $225/cwt. in the South Central region with no previous-week comparison. Prices were $4 to $4.50 lower in Nebraska at mostly $224 and $3 lower in the western Corn Belt at mostly $224. Dressed delivered prices were mainly $6 lower in Nebraska at mostly $352 and steady to $17 lower in the western Corn Belt at $348-$365.

Last week’s five-area direct weighted average FOB live fed steer price was $3.35 lower at $223.73/cwt. The weekly weighted average dressed delivered fed steer price was $8.60 lower at $352.19.

Choice boxed beef cutout value was 38¢ higher Monday afternoon at $365.04/cwt. Select was $2.96 higher at $354.94.

Grain futures firmed Monday, while Soybean futures slid lower with wonderment about higher yields and positive South American weather.

Through late afternoon, and through the front four contracts, Corn futures were unchanged to 1¢ higher.

Kansas City HRW Wheat futures were fractionally higher to 1¢ higher.  

Soybean futures were 17¢ to 18¢ lower.