Negotiated cash fed cattle trade remained mostly undeveloped through Wednesday afternoon.
There were a few early dressed sales in the western Corn Belt for steady to $1 lower than last week at $174/cwt. A few live sales there were at $109-$111, but too few to trend.
There were 1,246 head offered in the weekly Fed Cattle Exchange auction Wednesday, and no sales.
A steep plunge on Wall Street helped pressure Cattle futures lower Wednesday.
Live Cattle futures closed an average of 60¢ lower (32¢ to $1.27 lower in spot Oct).
Feeder Cattle futures closed an average of $1.16 lower.
Wholesale beef values were lower on light demand and light to moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 74¢ lower Wednesday afternoon at $202.11/cwt. Select was 95¢ lower at $191.77.