Live Cattle futures closed an average of 76¢ higher.
Feeder Cattle futures closed an average of 88¢ higher, except for lower in expiring Aug.
Live Cattle futures closed an average of 76¢ higher.
Negotiated cash fed cattle prices on Thursday were mainly steady to lower than last week.
Trade was slow on light to moderate demand in the Texas Panhandle with FOB live prices steady to $1 higher at $179/cwt., according to the Agricultural Marketing Service.
In Kansas, trade was slow to moderate on moderate demand with FOB live prices steady to $1 lower at $178-$179.
FOB live prices in Nebraska were $2-$3 lower at $182 on moderate trade and demand. There were a few live delivered trades at $186.50. Dressed delivered prices were $2-$3 lower at $290-$292.
In the western Corn Belt, FOB live prices were $1 lower at $184-$185 on slow to moderate trade and moderate demand. There were a few dressed delivered trades at mostly $290 but too few to trend. Prices in the beef last week were $292 in a light test.
Choice boxed beef cutout value was $1.32 lower Thursday afternoon at $313.79/cwt. Select was 28¢ lower at $289.25/cwt.
Net U.S. beef export sales (2023) of 18,200 metric tons (MT) for the week ending Aug. 24 were 59% more than the previous week and 35% more than the prior four-week average. Increases were primarily for China, Japan, South Korea, Taiwan and Mexico.
Grain and Soybean futures closed lower Thursday on likely continued month-end position squaring.
Corn futures closed mostly 2¢ lower.
KC HRW Wheat closed mostly 3¢ to 8¢ lower.
Soybean futures closed mostly 16¢ to 18¢ lower.
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