Through Thursday, the average five-area direct fed steer price (AMS) was $104.84 on a live basis, compared to $112.68 the previous week. The dressed steer price was $166.65, versus $179.17 the prior week.
Regionally, live prices were $3-$4 lower in the Southern Plains at $104/cwt. in the Texas Panhandle and at $103-$107 in Kansas. Live trade was $5-$10 lower in Nebraska at $105-$108; $5-$9 less in the western Corn Belt at $103-$105. Dressed trade was $10-$20 lower in Nebraska at $165; $13-$15 lower in the western Corn Belt at $160-$172.
Cattle futures drifted lower on Friday amid light trade and lower cash prices
Live Cattle futures closed an average of 72¢ lower.
Feeder Cattle futures closed an average 88¢ lower.
Wholesale beef values closed lower, minus the steep pitch of recent weeks. Choice boxed beef cutout value was $4.92 lower Friday afternoon at $230.64/cwt. Select was 61¢ lower at $219.27.
Corn futures closed mostly fractionally lower to 1¢ lower.
Soybean futures closed mostly 2¢ to 5¢ higher through Jan ’21 and then mostly fractionally lower.