Negotiated cash fed cattle trade continued to be undeveloped through Thursday afternoon.
Cattle futures basically hovered in place, awaiting some cash direction.
Except for unchanged in Oct and 5¢ higher in Dec, Live Cattle futures closed an average of 13¢ lower.
Feeder Cattle futures closed an average of 21¢ higher in five contracts and an average of 11¢ lower in the other three.
Corn futures closed 1¢ to 5¢ lower through Sep ’20 and then fractionally lower.
Soybean futures closed mostly 4¢ to 8¢ lower.
Wholesale beef values were lower on Choice and steady on Select with light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.03 lower Thursday afternoon at $212.57/cwt. Select was 24¢ lower at $189.18.