Negotiated cash fed cattle trade picked up in the North Wednesday with moderate demand and slow to moderate trade. Live prices were steady to $2 lower in Nebraska at $109-$111/cwt., and steady to $1 higher in the western Corn Belt at $109-$110. Dressed trade was steady in Nebraska at $174; steady to $1 lower in the western Corn Belt at $173-$174.
There were 1,103 head offered in the weekly Fed Cattle Exchange Auction, but no takers.
Cattle futures softened Wednesday, led by Feeder Cattle.
Other than 27¢ higher in spot Oct, Live Cattle futures closed an average of 31¢ lower.
Other than 5¢ higher in spot Oct, Feeder Cattle futures closed an average of 67¢ lower.
Wholesale beef values were steady on Choice and lower on Select with light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 5¢ lower Wednesday afternoon at $204.56/cwt. Select was $1.36 lower at $191.19.