Negotiated cash fed cattle trade remained largely undeveloped through Thursday afternoon, based on USDA reports. However, although too few to trend, there were some early dressed sales in Nebraska at $170-$178/cwt., which was $2 lower to $6 higher than last week. There were also a few dressed trades in the western Corn Belt at $178, which was $6-$8 higher than the previous week.
Despite more pressure in Lean Hogs, Cattle futures on Thursday took another measured step closer to where they were before the Tyson fire.
Live Cattle futures closed an average of 84¢ higher (40¢ higher at the back to $2.30 higher in spot Aug at $104.975).
Feeder Cattle futures closed an average of 82¢ higher.
Wholesale beef values were lower on Choice and steady on Select with light to moderate demand and light offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $2.46 lower Thursday afternoon at $239.28/cwt. Select was 21¢ higher at $215.91.
Corn futures closed fractionally higher.
Soybean futures closed mostly 3¢ to 4¢ lower.