Negotiated cash fed cattle prices extended gains last week, with live sales in the Southern Plains $4/cwt. higher in Kansas at $107 and $3-$4 higher in the Texas Panhandle at $106-$107. Dressed trade in Nebraska, and early sales in the western Corn Belt were $5 higher at $170.
Cattle futures softened Friday, amid sluggish trade and week-end position squaring.
Other than 55¢ higher in spot Oct, Live Cattle futures closed an average of 26¢ lower.
Feeder Cattle futures closed an average of 42¢ lower.
Wholesale beef values were steady to weak on light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 10¢ lower Friday afternoon at $211.96/cwt. Select was 29¢ lower at $186.92.
Corn futures closed 2¢ to 4¢ lower through Jul ’20 and then fractionally lower to 1¢ lower.
Soybean futures closed 3¢ to 4¢ higher through Aug. ’20 and then mostly fractionally higher to 1¢ higher.