Cattle futures eased mainly lower again Wednesday as traders awaited direction from weekly cash fed cattle trade.
Toward the close, Live cattle futures were an average of 53¢ lower except for 37¢ higher toward the back.
Feeder Cattle futures were an average of 64¢ lower.
Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.
Based on the latest established trade, FOB live prices last week were $228/cwt. in the Southern Plains, $235-$237 in Nebraska and $235-$238 in the western Corn Belt. Dressed delivered prices were $376.
Choice boxed beef cutout value was 69¢ higher Wednesday afternoon at $394.94. Select was $6.12 lower at $376.29.
Grain and Soybean futures were lower again Wednesday with favorable domestic weather and bullish production overseas.
Toward the close and through Mar ‘26 contracts, Corn futures were 5¢ to 7¢ lower. Kansas City Wheat futures were 10¢ to 11¢ lower. Soybean futures were 17¢ to 21¢ lower.
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