Cattle futures were lower Wednesday but pared losses as the session wore on, as traders took a breather from recent contract highs.
Toward the close, Live Cattle futures were an average of 64¢ lower, except for 5¢ higher in away Jun. Feeder Cattle futures were an average of 69¢ lower.
Negotiated cash fed cattle trade was moderate on good demand in the Texas Panhandle through Wednesday afternoon, according to the Agricultural Marketing Service. FOB live trades were $1 higher than the previous day at $219/cwt.
Elsewhere, trade was light on good demand. Although too few to trend, there were some FOB live trades in Kansas at $219, compared to Tuesday’s trade of $218-$220. There were also some early dressed delivered trades in Nebraska at $352-$355.
Last week, FOB live prices were $222-$223 in Nebraska and $220-$224 in the western Corn Belt. Dressed delivered prices were $350.00/cwt., except for a few up to $352 in Nebraska.
Choice boxed beef cutout value was $1.48 higher Wednesday afternoon at $346.15/cwt. Select was $1.03 higher at $334.00.
Grain and Soybean futures were mixed again Wednesday with planting progress and the positive weather outlook providing pressure.
Toward the close and through Mar ‘26 contracts, Corn futures were fractionally lower to 6¢ lower. Kansas City Wheat futures were 7¢ to 8¢ lower. Soybean futures were 4¢ lower to 2¢ higher.
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