Cattle Current Podcast—Sept. 29, 2026

Cattle futures softened Monday, pressured by bearish outside markets, along with month-end and quarter-end positioning. 

Toward the close, Live Cattle futures were an average of 80¢ lower. Feeder Cattle futures were an average of $1.42 lower.

Negotiated cash fed cattle trade was inactive on light demand in the North through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were mainly steady to $1 lower in Nebraska at mostly $222/cwt. and mostly $1 lower in the western Corn Belt at mainly $220/cwt. Dressed delivered prices were steady to $5 lower at $345-$350.

Last week’s weighted average five-area direct FOB live fed steer price was $1.20 lower at $220.67. The weekly weighted average dressed delivered fed steer price was $2.22 lower at $347.93.

Choice boxed beef cutout value was $1.65 higher Monday afternoon at $380.48/cwt. Select was $2.47 higher at $358.23.

Soybean futures led grains lower on Monday with news that China excluded soybeans from the list of U.S. agricultural products that will receive a tariff exemption. Harvest pressure and likely positioning for the end of the month and quarter, and ahead of Wednesday’s Grain Stocks report, likely also added pressure.

Through late afternoon, and through the front four contracts, Soybean futures were 27¢ to 31¢ lower. Corn futures were 5¢ to 6¢ lower. Kansas City HRW Wheat futures were 16¢ to 17¢ lower.