Negotiated cash fed cattle trade was slow on moderate demand in the Southern Plains and Nebraska through Wednesday afternoon, according to the Agricultural Marketing Service.
Live prices in the Texas Panhandle were steady at $124/cwt., steady to $2 higher in Kansas at $124 and steady to $2 higher in Nebraska at $122-$124. Dressed trade in Nebraska was steady at $196.
Trade was limited on light demand in the western Corn Belt. There were a few dressed sales at $196, but there were too few to trend. Prices last week were mostly $122 on a live basis and $192-$197 in the beef.
Live Cattle futures closed and average of 56¢ higher.
Feeder Cattle futures closed and average of $1.15 higher, except for 32¢ lower in the back contract.
Choice boxed beef cutout value was $1.09 lower Wednesday afternoon at $286.62/cwt. Select was $4.87 lower at $262.91.
Corn futures closed mostly 3¢ to 5¢ lower.
Soybean futures closed 3¢ to 9¢ lower.