Negotiated cash fed cattle trade was light on light to moderate demand in the Southern Plains through Thursday afternoon, according to the Agricultural Marketing Service. Early live sales were steady with last week at $157/cwt.
Elsewhere, trade was limited on light demand with too few transactions to trend.
Last week, live prices were $158 in Nebraska and $157-$160 in the western Corn Belt. Dressed prices were $250-$252.
Cattle futures traders took a breather Thursday, and likely some profits, following the strong session a day earlier and awaiting more cash direction.
Feeder Cattle futures closed an average of 96¢ lower, from 65¢ lower at the back to $1.67 lower toward the front.
Live Cattle futures closed an average of 36¢ lower, except for 7¢ higher in spot Feb.
Nearby grain and Soybean futures continued to drift lower.
Corn futures closed mostly 1¢ to 4¢ lower.
Soybean futures closed mostly 12¢ lower through Aug ‘23 and then 7¢ to 9¢ lower.