Cattle futures tried to overcome the Bovine Influenza A virus headlines but couldn’t, taking another step lower Wednesday.
Heading into the close, Live Cattle futures were an average of $1.64 lower (67¢ to $2.30 lower).
Feeder Cattle futures were an average of $3.55 lower.
Negotiated cash fed cattle trade ranged from slow on light demand to a standstill through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $182/cwt. in the Southern Plains, $184-$185 in Nebraska and $184-$186 in the western Corn Belt. Dressed delivered prices were $294-$295.
Choice boxed beef cutout value was 83¢ lower Wednesday afternoon at $293.54/cwt. Select was $1.88 lower at $288.07/cwt.
Heading into the close, Corn futures were 1¢ to 3¢ higher through Jly ‘25. Soybean were mostly 5¢ higher through Jly ‘25. Kansas City Wheat futures were mostly 6¢ to 10¢ lower through Jly ‘25.
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