Cattle futures rose Thursday, supported by recent wholesale beef price strength and perhaps speculation that cattle feeders can push cash fed cattle prices higher again this week.
Toward the close, Live Cattle futures were an average of $1.96 higher across a broad range of 60¢ higher at the back to $3.12 higher toward the front.
Feeder Cattle futures were an average of $1.63 higher.
Negotiated cash fed cattle trade was mostly inactive on very light demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $210 in the Southern Plains and $212-$215 in the North. Dressed delivered prices were $335.
Choice boxed beef cutout value was $2.58 lower Thursday afternoon at $335.72/cwt. Select was $2.91 higher at $319.44.
Grain and Soybean were mixed Thursday,
Toward the close and through Sep ’25 contracts, Corn futures were fractionally lower to 1¢ lower. Kansas City Wheat futures were fractionally higher to 2¢ higher. However, Soybean futures were 13¢ to 14¢ higher, likely supported by expectations of significantly lower planting intentions in Monday’s much-anticipated USDA report.
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