Negotiated cash fed cattle trade remained undeveloped through Thursday afternoon. Although too few to trend, there were some early live sales in the western Corn Belt at $117/cwt., which was $1 higher than last week. Early dressed sales at $187, were at the top of last week’s range for the region.
Live Cattle futures edged mostly higher, while recent pressure on grain prices added lift to Feeder Cattle.
Other than an average of 7¢ lower in near Feb, and Apr, Live Cattle futures closed an average of 27¢ higher.
Feeder Cattle futures closed an average of 60¢ higher.
Corn futures closed mostly fractionally mixed.
Soybean futures closed 10¢ to 13¢ lower through 2019.
Wholesale beef values were steady to weak on moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 22¢ higher Thursday afternoon at $212.47/cwt. Select was 57¢ lower at $201.00.