Negotiated cash fed cattle trade continued softer Thursday with live sales in the Southern Plains $3 lower than last week at $100/cwt. Dressed trade for the week so far is $9-$10 lower in Nebraska at $160-$166 and $3-$8 lower in the western Corn Belt at $167-$168.
Although closing off of session lows, Cattle futures ended lower, amid softer cash prices, demand worries and technical pressure.
Live Cattle futures closed an average of $1.13 lower in the front three contracts, and then an average of 37¢ lower, except for unchanged in Jun and 5¢ higher in Apr.
Feeder Cattle futures closed an average of 58¢ lower (25¢ lower to $1.15 lower in spot Sep).
Wholesale beef values were lower on Choice and sharply lower on Select with light demand and heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.23 lower Thursday afternoon at $229.42/cwt. Select was $4.48 lower at $204.47.
Corn futures closed unchanged to fractionally mixed.
Soybean futures closed mostly 11¢ to 13¢ lower.