Cattle futures lost ground Thursday with pressure from lower cash fed cattle prices and softening wholesale beef values.
Before settlement, Live Cattle futures were an average of $1.13 lower. Feeder Cattle futures were an average of $1.89 lower.
Negotiated cash fed cattle trade ranged from moderate on moderate demand in the Texas Panhandle to limited or light on moderate demand elsewhere through Thursday afternoon, according to the Agricultural Marketing Service.
So far this week, FOB live prices are $2 lower in the Southern Plains at $186/cwt. in the Texas Panhandle and mostly $186-$193 in Kansas. FOB live prices are $3 lower in Nebraska at $193 and $1-$3 lower in the western Corn Belt at $193. Dressed delivered prices are $5 lower at $305.
Choice boxed beef cutout value was $1.73 lower Thursday afternoon at $312.12/cwt. Select was 80¢ lower at $298.03/cwt.
Grain and soybean futures were lower again Thursday with pressure from bullish production weather.
Heading into the close, through Jly ’25 contracts, Corn futures were 2¢ to 4¢ lower through Jly ’25. Kansas City Wheat futures were 3¢ to 5¢ lower. Soybean futures were 5¢ to 11¢ lower.
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