Cattle futures continued to grind higher Wednesday.
Toward the close, Live Cattle futures were an average of 98¢ higher, from 47¢ to $1.95 higher toward the front of the board. Feeder Cattle futures were an average of $1.49 higher.
Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Texas Panhandle to a standstill elsewhere through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $209-$210/cwt. in the Southern Plains and $213 in the North. Dressed delivered prices were $335-$345.
Choice boxed beef cutout value was $2.32 lower Wednesday afternoon at $339.90/cwt. Select was $3.24 lower at $318.83.
Grain and Soybean futures were mixed Wednesday with the main pressure likely tied to trepidation concerning the U.S. tariffs announced after the session closed.
Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 4¢ lower. Kansas City Wheat futures were fractionally higher to 2¢ higher. Soybean futures were 3¢ to 5¢ lower.
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