Negotiated cash fed cattle trade for the week was mainly $2-$3 higher on a live basis at $118/cwt. in Kansas, $118-$120 in Nebraska and $117-$118 in the western Corn Belt. Dressed trade was $3 higher at $187.
Cattle futures softened Friday, amid light holiday trade and month-end positioning.
Other than unchanged to 10¢ higher in the last three contracts, Live Cattle futures closed an average of 28¢ lower.
Feeder Cattle futures closed an average of 53¢ lower (15¢ lower at the back to $1.05 lower in spot Jan).
Wholesale beef values were steady to weak on light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 12¢ lower Friday afternoon at $232.12/cwt. Select was 30¢ lower at $210.34.
Corn futures closed 4¢ to 8¢ higher through Sep ’20 and then mostly fractionally higher to 1¢ higher.
Soybean futures closed 3¢ to 5¢ lower through Jan ’21 and then most unchanged to fractionally lower.