Cattle futures gained Wednesday, supported by positive outside markets.
Before settlement, Live Cattle futures were an average of 87¢ higher. Feeder Cattle futures were an average of $1.67 higher.
Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $186/cwt. in the Texas Panhandle, $185-$187 in Kansas, mostly $193 in Nebraska and $190-$193 in the western Corn Belt. Dressed delivered prices were $305.
Choice boxed beef cutout value was $2.05 lower Wednesday afternoon at $314.88/cwt. Select was 11¢ lower at $300.50/cwt.
Toward the close on Wednesday, through Jly ’25 contracts, Corn futures were 2¢ to 3¢ higher. Kansas City Wheat futures were 1¢ lower. Soybean futures were mostly 5¢ to 6¢ higher.
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