Lower prices for negotiated cash fed cattle continued in Nebraska and the western Corn Belt late Wednesday and Thursday with live sales $2-$3 lower at $119/cwt. and dressed sales $3 lower at $190.
Cattle futures continued to regain some footing amid more active trade and expanding open interest for the first time in a spell.
Live Cattle futures closed an average of 79¢ higher, from 40¢ higher to $1.40 higher in the back contract.
Feeder Cattle futures closed an average of $1.26 higher, from 60¢ higher to $1.77 higher toward the front of the board.
Wholesale beef values were steady on Choice and lower on Select with light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 14¢ higher Thursday afternoon at $206.45/cwt. Select was $1.51 lower at $203.79.
Corn futures closed mostly fractionally lower to 1¢ lower.
Soybean futures closed 2¢ to 3¢ higher.