Negotiated cash fed cattle trade was light on light to moderate demand in Kansas through Thursday afternoon, based on USDA reports. Prices were steady with last week at $119/cwt.
Cattle futures closed narrowly mixed again on Thursday.
Live Cattle futures closed from an average of 18¢ lower to an average of 14¢ higher.
Feeder Cattle futures closed from an average of 25¢ lower to an average of 13¢ higher.
Wholesale beef values were sharply lower on Choice and lower on Select with light demand and heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $3.00 lower Thursday afternoon at $215.65/cwt. Select was $1.16 lower at $202.56.
Corn futures closed mostly 4¢ to 6¢ higher; 9¢ higher in spot Dec.
Soybean futures closed 2¢ to 4¢ higher through Nov. ’20 and then fractionally higher to 1¢ higher.