Negotiated cash fed cattle trade was at a standstill in the Texas Panhandle and Colorado through Thursday afternoon, according to the Agricultural Marketing Service. Elsewhere, trade was limited on light demand with too few transactions to trend.
So far this week, live prices in the Texas Panhandle are $1-$2 lower than last week in the Southern Plains at $118-$119/cwt., $2-$4 lower in the Northern Plains at $119-$120 and $1-$4 lower in the western Corn Belt at $119. Dressed trade is $1-$4 lower in Nebraska at $188-$191 and $1-$2 lower in the western Corn Belt at $191-$192.
Another day of softer Corn futures prices, after the front of the board, helped Cattle futures mostly extend gains on Thursday.
Live Cattle futures closed an average of 45¢ higher, except for an average of 14¢ lower in three contracts.
Feeder Cattle futures closed an average of 72¢ higher.
Corn futures closed fractionally lower to 5¢ lower, except for 15¢ and 4¢ higher in the front two contracts.
Soybean futures closed 8¢ to 15¢ lower through Jan ‘22, and then mostly 2¢ lower.