Negotiated cash fed cattle trade was $1 higher at $120/cwt. in Kansas through Thursday afternoon. Although too few to trend, live sales were generally $1-$2 higher at $120-$121 in Nebraska and at $121 in the western Corn Belt. Early dressed sales were $2-$4 higher at $192.
Cattle futures were mixed on Thursday but closed mostly slightly higher, supported by stronger cash prices and sluggish trade.
Live Cattle futures closed mixed, from an average of 34¢ lower across the front four contracts to an average of 27¢ higher.
Other than 7¢ lower in Mar, Feeder Cattle futures closed an average of 40¢ higher (7¢ to 85¢ higher).
Wholesale beef values were weak on light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 58¢ lower Thursday afternoon at $208.99/cwt. Select was also 58¢ lower at $200.99.
Corn futures closed fractionally mixed through Jul ’21 and then unchanged to 4¢ higher.
Soybean futures closed 3¢ to 4¢ lower through Aug ’20 and then mostly 1¢ lower.