Negotiated cash fed cattle trade was light to moderate on moderate demand in Nebraska and the western Corn Belt through Friday afternoon, but there were too few transactions to trend. Early dressed sales in both regions were at $200/cwt. Early live sales in the western Corn Belt were at $124-$126.
Hints of steady to higher cash pries and strong fundamentals helped lift Cattle futures Friday.
Live Cattle futures closed an average of 32¢ higher.
Feeder Cattle futures closed an average of 96¢ higher.
Wholesale beef values were steady on moderate demand and heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 8¢ higher Friday afternoon at $210.04/cwt. Select was 13¢ lower at $206.55.
Corn futures closed mostly 2¢ higher.
Soybean futures closed 1¢ to 3¢ higher through Jul ’21 and then fractionally higher.