Negotiated cash fed cattle trade was undeveloped through Wednesday afternoon. There were 1,684 head offered in the weekly Fed Cattle exchange auction and no takers.
Limited trading interest held Cattle futures to a narrow, though mostly slightly higher trading range.
Except for 32¢ lower in spot Feb, Live Cattle futures closed an average of 17¢ higher.
Other than 27¢ and 2¢ lower at either end of the board, Feeder Cattle futures closed an average of 15¢ higher, except for unchanged in Oct.
Corn futures closed mostly 2¢ to 3¢ higher through Jul ’20 and then mostly 1¢ higher.
Soybean futures closed 1¢ to 2¢ higher through Aug ’20 and then unchanged to fractionally lower.
Wholesale beef values were steady to firm on light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 8¢ lower Wednesday afternoon at $218.05/cwt. Select was 43¢ higher at $213.00.