Negotiated cash fed cattle trade ended up $3/cwt. lower in the Southern Plains last week at $103/cwt. Live trades were $2-$3 lower in Nebraska at $104-$106 and steady to $5 lower in the western Corn Belt at $105-$110. Dressed sales in Nebraska were $6-$10 lower at $165-$172; $3-$7 lower in the western Corn Belt at mostly $171.
The weaker cash outlook, stronger U.S. dollar and continued uncertainty from the Tyson fire helped pressure Cattle futures to end the week.
Live Cattle futures closed an average of 90¢ lower.
Not counting newly hatched away-Aug, Feeder Cattle futures closed an average of $1.76 lower.
Wholesale beef values were weak on light to moderate demand and light offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 42¢ lower Friday afternoon at $231.77/cwt. Select was 51¢ lower at $212.27.
Corn futures closed mixed, from 1¢ lower to 1¢ higher.
Soybean futures closed mostly fractionally mixed.