Except for the Southern Plains, negotiated cash fed cattle trade remained undeveloped through Friday afternoon, based on USDA reports. Live sales in the Southern Plains on Thursday were at $110/cwt., which was $1 higher in Kansas and $2 higher in the Texas Panhandle.
Cattle futures strengthened Friday, supported by steady to higher cash trade, increasing wholesale beef values and higher Lean Hog futures.
Live Cattle futures closed an average of 94¢ higher.
Feeder Cattle futures closed an average of 86¢ higher.
Wholesale beef values were steady to firm on moderate demand offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 18¢ lower Friday afternoon at $225.44/cwt. Select was 75¢ higher at $199.84.
Corn futures closed unchanged to fractionally lower.
Soybean futures closed 9¢ to 13¢ lower through Aug. 20 and then mostly 4¢ to 6¢ lower.