Negotiated cash fed cattle trade remained undeveloped through Thursday afternoon. There were a few early live sales in the western Corn Belt at $125/cwt., but too few to trend. Prices in that region last week were at $121-$123.
Cattle futures mostly edged lower, with the heaviest trade since the middle of last month.
Except for $3.00 lower in newly minted away Jun, Live Cattle futures closed an average of 22¢ lower.
Except for 25¢ higher in Oct, Feeder Cattle futures closed an average of 26¢ lower.
Wholesale beef values were lower on Choice and firm on Select with light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.17 lower Thursday afternoon at $208.25/cwt. Select was 51¢ higher at $202.63.
Corn futures closed 1¢ to 3¢ higher.
Soybean futures closed mostly 2¢ to 3¢ higher.