Negotiated cash fed cattle prices were generally $1 higher on a live basis last week: $120/cwt. in the Southern Plains; $120-$121 in Nebraska and the western Corn Belt. Dressed sales were $2-$4 higher at $192.
Cattle futures meandered lower Friday, amid holiday trade. The monthly Cattle on Feed report issued after the close could add some pressure to start the week.
Live Cattle futures closed an average of 16¢ lower, except for 10¢ and 17¢ higher in the front two contracts.
Feeder Cattle futures closed an average of 39¢ lower.
Wholesale beef values were steady to firm on moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 71¢ higher Friday afternoon at $209.70/cwt. Select was 4¢ higher at $201.03.
Corn futures closed mostly 1¢ higher through Jul ’21 and then fractionally lower.
Soybean futures closed narrowly mixed through Aug ’20 and then fractionally lower to 1¢ lower.