Negotiated cash fed cattle trade ended up generally steady to firm last week, with live prices in the Southern Plains and Nebraska at $124/cwt. and at $124-$126 in the western Corn Belt. Dressed prices were at $199 in Nebraska and mostly $198-$199 in the western Corn Belt.
Cattle futures continued lower, to a lesser degree than the previous session, helped along by weaker outside markets.
Other than an average of 13¢ higher in three contracts, Live Cattle futures close an average of 24¢ lower.
Feeder Cattle futures closed an average of 69¢ lower.
Wholesale beef values were weak to lower on light to moderate demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 83¢ lower Friday afternoon at $214.49/cwt. Select was 50¢ lower at $210.70.
Corn futures closed mostly 3¢ to 5¢ lower.
Soybean futures closed mostly 5¢ to 8¢ lower through Nov ‘21 and then mostly 1¢ higher.