Negotiated cash fed cattle trade developed in the North on Thursday. Dressed sales were unevenly steady with last week at mostly $169/cwt. Live sales in the western Corn Belt were $2 higher at $107-$109.
Cattle futures closed mostly narrowly lower on Thursday.
Live Cattle futures closed an average of 43¢ lower, except for 10¢ higher in away Oct.
Feeder Cattle futures closed an average of 25¢ lower through the front five contracts, and then 27¢ to $1.10 higher the rest of the way.
Choice boxed beef cutout value was $2.34 higher Thursday afternoon at $225.38/cwt. Select was 66¢ higher at $206.31.
Net U.S. beef export sales of 20,000 metric tons for the week ending Aug. 13 were 69% more than the previous week and 13% more than the previous four-week average, according to the U.S. Export Sales report from USDA’s Foreign Agricultural Service.
Corn futures closed mostly fractionally lower.
Soybean futures closed 8¢ to 9¢ lower through Mar ‘21, and then mostly 3¢ to 6¢ lower.