Negotiated cash fed cattle trade was slow on light demand in Nebraska through Friday afternoon, according to the Agricultural Marketing Service. Live prices for the week were $1 lower at $157/cwt., and dressed prices were steady at $252.
Elsewhere, trade ranged from limited on light demand to mostly inactive on very light demand with too few transactions to trend.
For the week, live prices were steady in the Southern Plains at $157 and steady to $1 higher in the western Corn belt at $158-$160, where dressed prices were steady to $2 higher at $252.
Choice boxed beef cutout value was $1.36 higher Friday afternoon at $282.99/cwt. Select was $2.39 higher at $259.34/cwt.
Cattle futures eased lower Friday pressured in part by firming Corn futures and static cash trade.
Feeder Cattle futures closed an average of 65¢ lower, from 22¢ lower at the back to $1.10 lower in spot Jan, except for 22¢ higher in the back contract.
Live Cattle futures closed an average of 44¢ lower (20¢ to 72¢ lower).
Export announcements helped Corn and especially Soybean futures close higher Friday.
Corn futures closed 1¢ higher in the front three contracts and then mostly fractionally mixed to 2¢ lower.
Soybean futures closed 13¢ to 34¢ higher through Jan ‘24 and then mostly 3¢ to 6¢ higher.