Cattle futures basically paddled in place Wednesday, awaiting the week’s cash fed cattle direction.
Toward the close, Live Cattle futures were an average of 49¢ higher. Feeder Cattle futures were an average of 25¢ lower.
Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $203/cwt. in all regions. Dressed delivered prices were $320-$321.
Choice boxed beef cutout value was $1.88 lower Wednesday afternoon at $313.89/cwt. Select was 5¢ higher at $303.76.
Grain and Soybean futures were softer Wednesday with likely profit taking and producer selling.
Toward the close and through Sep ’25 contracts, Corn futures were mixed from 4¢ lower to 3¢ higher. Kansas City Wheat futures were 10¢ to 12¢ lower. Soybean futures were 5¢ to 6¢ lower.
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