Negotiated cash fed cattle trade was mostly inactive on light demand in all regions through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, live prices were $165-$167/cwt. in the Texas Panhandle; $167 in Kansas, $168-$172 in Nebraska and $170 in the western Corn Belt. Dressed prices were $270-$272.
Choice boxed beef cutout value was 68¢ higher Wednesday afternoon at $288.62/cwt. Select was 21¢ higher at $278.16/cwt.
Cattle future closed narrowly mixed Wednesday, awaiting weekly cash direction.
Feeder Cattle futures closed an average of 34¢ lower.
Live Cattle futures closed an average of 11¢ higher, except for 80¢ higher in spot Apr and unchanged in the back contract.
Corn futures closed mostly 1¢ to 3¢ higher, except for unchanged to 1¢ lower in old-crop contracts
KC HRW Wheat closed mostly 11¢ to 14¢ lower.
Soybean futures closed 3¢ to 6¢ lower through Sep ‘24 and then fractionally higher to 6¢ higher.
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