Negotiated cash fed cattle trade was mostly inactive on light demand in Kansas through Thursday afternoon, according to the Agricultural Marketing Service. Elsewhere, it was slow on light demand.
Live sales in the Texas Panhandle were $1-$2 higher at $123/cwt. Although too few to trend, early live sales were $1-$3 higher in Nebraska at $128 and $1 higher in the western Corn Belt at $127. Early dressed sales were $1-$2 higher at $202 in Nebraska and $202.00-$206.50 in the western Corn Belt.
Weaker outside markets and the lack of follow-through support pressured Cattle futures Thursday.
Feeder Cattle futures closed an average of 95¢ lower, except for 15¢ higher spot Aug.
Live Cattle futures closed an average of 55¢ lower, except for 15¢ higher in the back contract.
Choice boxed beef cutout value was 38¢ higher Thursday afternoon at $347.27/cwt. Select was $3.90 higher at $319.59.
Corn futures closed mostly 1¢ to 6¢ lower, except for 1¢ higher in spot Sept.
Soybean futures closed mostly 6¢ to 10¢ lower, except for 21¢ higher in spot Sept.