Cattle futures resumed higher Thursday.
Toward the close, Live Cattle futures were an average of $1.62 higher. Feeder Cattle futures were an average of $3.76 higher.
Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $232/cwt. in Kansas and mostly $232 in Nebraska and the western Corn Belt. Dressed delivered prices were $365.
Choice boxed beef cutout value was $2.24 higher Thursday afternoon at $360.77/cwt. Select was $2.06 higher at $359.71.
Grain and Soybean futures were mixed on Thursday.
Toward the close, through near Sep contracts, Corn futures were 1¢ to 2¢ lower. KC HRW Wheat futures were 4¢ to 5¢ lower. However, Soybean futures were 6¢ to 10¢ higher with some support including Brazilian production forecast to be less than expected.
Toward the close, through near Sep contracts, Corn futures were 1¢ to 2¢ higher. KC HRW Wheat futures were 1¢ to 3¢ higher. Soybean futures were mostly unchanged to 10¢ higher.
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