Negotiated cash fed cattle trade was mostly inactive on very light demand in the Southern Plains through Wednesday afternoon, according to the Agricultural Marketing Service. Live prices there on Tuesday were $2 lower than last week at $108/cwt.
Elsewhere, trade was slow on light demand. There were a few live trades in Nebraska at $107 and a few in the western Corn Belt at $104.50-$105.00, but too few to trend. There was some early dressed trade in both regions at $168, but also too few to trend. Last week, live prices were at $110 in Nebraska and at $109-$110 in the western Corn Belt; dressed trade at $172-$174.
Cattle futures mostly edged higher by the close Wednesday, helped by firming Lean Hog futures.
Live Cattle futures closed an average of 25¢ higher except for 47¢ lower in spot Dec.
Feeder Cattle futures closed an average of 41¢ higher except for 55¢ lower in spot Jan.
Choice boxed beef cutout value was $6.76 lower Wednesday afternoon at $218.26/cwt. Select was $3.77 lower at $201.65.
Corn futures closed mostly 3¢ to 5¢ higher through Sep ’21 and then mostly fractionally higher to 1¢ higher.
Soybean futures closed mostly 11¢ to 12¢ higher through Jly ’21 and then mostly 5¢ to 7¢ higher.