Negotiated cash fed cattle prices continued $2-$6 lower on a live basis Wednesday at $100-$102/cwt. in the Southern Plains, mostly $102 in Nebraska; $99-$102 in the western Corn Belt on Tuesday. Dressed trade was at $160-$162, which was $5-$10 lower in Nebraska and steady to $10 lower in the western Corn Belt.
Cattle feeders offered 1,220 head in the weekly Fed Cattle Exchange auction; none sold.
Choice steers and heifers sold $2.25-$2.50 lower at the fat auction in Tama, IA. There were 122 Choice 2-4 steers weighing an average of 1,378 lbs., bringing an average of $104.13/cwt.
Slaughter steers and heifers sold $3-$6 lower at Sioux Falls Regional in South Dakota. There were 498 Choice 3-4 steers weighing an average of 1,533 lbs. and bringing an average of $102.76.
Cattle futures mostly tread water Wednesday amid continued light trade.
Live Cattle futures closed an average of 22¢ higher, except for unchanged in Dec.
Except for 32¢ lower in the back two contracts, Feeder Cattle futures closed an average 36¢ higher.
Choice boxed beef cutout value was $9.96 lower Wednesday afternoon at $217.93/cwt. Select was $5.09 lower at $208.08.
Corn futures closed mostly fractionally lower.
Soybean futures closed 3¢ to 4¢ higher.