Cattle futures continued to crawl mostly higher Wednesday.
Live Cattle futures closed an average of 44¢ higher, except for 42¢ lower in spot Feb.
Feeder Cattle futures closed an average of 45¢ higher, except for an average of 20¢ lower in two contracts.
Negotiated cash fed cattle trade ranged from a standstill in the South to mostly inactive on light demand in the North, with too few transactions to trend, through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $180/cwt. in the Southern Plains, $181 in Nebraska and $180 in the western Corn Belt. Dressed delivered prices were mostly $287 in Nebraska and $285 in the western Corn Belt.
Choice boxed beef cutout value was 43¢ higher Wednesday afternoon at $297.80/cwt. Select was $3.36 lower at $284.46/cwt.
Corn futures closed mostly 3¢ to 7¢ lower.
KC HRW Wheat futures closed mostly 3¢ to 4¢ lower.
Soybean futures closed 8¢ to 18¢ lower.
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