Negotiated cash fed cattle prices gained on Thursday with moderate trade and good demand in the Texas Panhandle, Nebraska and the western Corn Belt, according to the Agricultural Marketing Service.

FOB live prices were $1-$2 higher in the Texas Panhandle at mostly $220/cwt., $1-$4 higher in Nebraska at $229 and $1-$2 higher in the westerner Corn Belt at $227-$229. Dressed delivered prices were $3 higher at $358.

Trade in Kansas was limited on good demand with too few transactions to trend. FOB live prices there last week were $218-$220.

Choice boxed beef cutout value was 54¢ higher Thursday afternoon at $349.90/cwt. Select was $3.33 higher at $339.18.

However, Cattle futures were sharply lower again Thursday with follow-through pressure from the previous session’s selloff. Growing concern about the potential of New World screwworm reaching the United States hovers in the background.

Toward the close, Live Cattle futures were an average of $4.06 lower. Feeder Cattle futures were an average of $6.03 lower.

Grain and Soybean futures were mixed Thursday.

Toward the close and through Mar ‘26 contracts, Corn futures were 2¢ lower to 2¢ higher. Kansas City Wheat futures were 4¢ to 5¢ higher. Soybean futures were 21¢ to 34¢ lower, perhaps with some sympathy to lower Crude Oil futures.

Cattle futures hit new highs Wednesday and then reversed to close sharply lower with likely profit taking and skittishness over the overbought status and price levels.

Toward the close, Live Cattle futures were an average of $2.38 lower. Feeder Cattle futures were an average of $3.98 lower.

Negotiated cash fed cattle trade ranged from mostly inactive on moderate demand in the Southern Plains to limited on moderate demand in the North through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $218-$219/cwt. in the Texas Panhandle, $218-$220 in Kansas and $225-$228 in the North. Dressed delivered prices were $355.

Choice boxed beef cutout value was 74¢ lower Wednesday afternoon at $349.36/cwt. Select was $1.38 higher at $335.85.

Grain and Soybean futures were mixed again Wednesday.

Toward the close and through Mar ‘26 contracts, Corn futures were 1¢ lower to 2¢ higher. Kansas City Wheat futures were 9¢ to 11¢ higher. Soybean futures were mostly fractionally higher to 3¢ higher, except for 9¢ lower in spot May.  

Cattle futures eased lower Tuesday with likely profit taking from the previous session’s strong gains.

Toward the close, Live Cattle futures were an average of 73¢ higher (35¢ to $1.17 higher), except for an average of 32¢ lower in the front three contracts.

Feeder Cattle futures were an average of 41¢ higher, except for an average of 31¢ lower in the front three contracts.

Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $218-$219/cwt. in the Texas Panhandle, $218-$220 in Kansas and $225-$228 in the North. Dressed delivered prices were $355.

Choice boxed beef cutout value was $1.96 higher Tuesday afternoon at $350.10/cwt. Select was 76¢ lower at $334.47.

Grain and Soybean futures were mixed Tuesday.

Toward the close and through Mar ‘26 contracts, Corn futures were 3¢ to 5¢ lower. Kansas City Wheat futures were 3¢ to 4¢ higher. Soybean futures were mostly 3¢ to 5¢ higher.  

Cattle futures popped higher Monday, helped along by more bullish outside markets and news that the U.S. shuttered the Southern border to cattle, bison and horses once again May 11 due to the spread of New World screwworm.

“The protection of our animals and safety of our nation’s food supply is a national security issue of the utmost importance,” says U.S. Secretary of Agriculture Brooke L. Rollins. “Once we see increased surveillance and eradication efforts, and the positive results of those actions, we remain committed to opening the border for livestock trade. This is not about politics or punishment of Mexico, rather it is about food and animal safety.”

Derrell Peel, Extension livestock marketing specialist at Oklahoma State University explains the border closed initially last November and reopened in early February after additional protocols and inspections were implemented. 

“Thus far in 2025, a total of 197,844 head of feeder cattle have been imported since the border reopened, down 60% year over year for the year-to-date,” Peel says, in his weekly market comments. “In 2024, a total of 1.25 million head of feeder cattle were imported, with none in the last five weeks of the year.”

Toward the close, Live Cattle futures were an average of $1.82 higher. Feeder Cattle futures were an average of $5.55 higher.

Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $1 higher in the Texas Panhandle at $219/cwt., steady to $2 higher in Kansas at $218-$220, $3-$5 higher in Nebraska at $225-$228 and $4-$5 higher in the western Corn Belt at $225-$228. Dressed delivered prices were $5 higher at $355.

Last week’s weighted average five-area direct FOB live fed steer price was $4.09 higher at $224.80. The weighted average dressed delivered fed steer price was $6.69 higher at $356.06.

Choice boxed beef cutout value was $2.17 higher Monday afternoon at $348.14/cwt. Select was $4.06 higher at $335.23.

Grain and Soybean futures were mixed Monday.

Toward the close and through Mar ‘26 contracts, Corn futures were 2¢ lower to 3¢ higher. Kansas City Wheat futures were 7¢ to 8¢ lower. Soybean futures were 18¢ to 26¢ higher, helped by the Chinese trade talks.  

Cattle futures gained early in Friday’s session and then closed lower with likely profit taking.

Live Cattle futures were an average of 63¢ lower, except for 42¢ higher in spot Jun.

Feeder Cattle futures were an average of $1.45 lower, except for 50¢ higher in spot May.

Week to week on Friday, Live Cattle futures closed an average of $2.19 higher (82¢ higher at the back to $3.57 higher at the front). Feeder Cattle futures were an average of 3.52 higher week to week on Friday ($3.02 higher at the front to $4.05 higher at the back).

Negotiated cash fed cattle trade was limited on good demand in the Southern Plains and light to good demand in in the North through Friday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

For the week, FOB live prices were steady to $1 higher in the Texas Panhandle at $218-$219/cwt., steady to $2 higher in Kansas at $218-$220, $3-$5 higher in Nebraska at $225-$228 and $4-$5 higher in the western Corn Belt at $225-$228. Dressed delivered prices were $5 higher at $355.

Choice boxed beef cutout value was $1.92 lower Friday afternoon at $345.97/cwt. Select was $2.03 lower at $331.17. However, week to week on Friday, Choice was $3.07 higher and Select was $5.82 higher.

Grain and Soybean futures were mixed Friday.

Corn futures were mostly 2¢ to 3¢ higher with likely short covering ahead of Monday’s World Agricultural Supply and Demand Estimates. However, Corn futures were an average of 12’2¢ lower through the front six contracts, pressured by planting progress.  

Kansas City Wheat futures were 5¢ to 7¢ lower, pressured by crop progress.

Soybean futures were mostly 2¢ to 7¢ higher, helped along by announced early trade negotiations between China and the U.S. over the weekend.

Cattle futures gained Thursday with higher cash fed cattle prices and stronger Choice wholesale beef values.  

Toward the close, Live Cattle futures were an average of $1.22 higher. Feeder Cattle futures were an average of $2.83 higher.

Negotiated cash fed cattle trade was light to moderate on very good demand in Nebraska and the western Corn Belt through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $3-$5 higher at $225-$228/cwt. Dressed delivered prices were mainly $5 higher in Nebraska at mostly $355. There were some early dressed delivered trades in the western Corn Belt at $355-$360, but too few to trend; prices were $350 last week.

Trade in the Southern Plains was limited on good demand with too few transactions to trend. So far this week, FOB live prices are steady to $1 higher in the Texas Panhandle at $218-$219 and steady to $2 higher in Kansas at $218-$220.

Choice boxed beef cutout value was $1.74 higher Thursday afternoon at $347.90/cwt. Select was 80¢ lower at $333.20.

Grain and Soybean futures were mixed Thursday with planting progress once again pressuring grains, while the same fast pace and notions of less crop swapping favored Soybeans.

Toward the close and through Mar ‘26 contracts, Corn futures were fractionally lower to 2¢ lower. Kansas City Wheat futures were mostly 4¢ to 5¢ lower. Soybean futures were mostly 2¢ to 5¢ higher.

Cattle futures were lower Wednesday but pared losses as the session wore on, as traders took a breather from recent contract highs.

Toward the close, Live Cattle futures were an average of 64¢ lower, except for 5¢ higher in away Jun. Feeder Cattle futures were an average of 69¢ lower.

Negotiated cash fed cattle trade was moderate on good demand in the Texas Panhandle through Wednesday afternoon, according to the Agricultural Marketing Service. FOB live trades were $1 higher than the previous day at $219/cwt.

Elsewhere, trade was light on good demand. Although too few to trend, there were some FOB live trades in Kansas at $219, compared to Tuesday’s trade of $218-$220. There were also some early dressed delivered trades in Nebraska at $352-$355.

Last week, FOB live prices were $222-$223 in Nebraska and $220-$224 in the western Corn Belt. Dressed delivered prices were $350.00/cwt., except for a few up to $352 in Nebraska.

Choice boxed beef cutout value was $1.48 higher Wednesday afternoon at $346.15/cwt. Select was $1.03 higher at $334.00.

Grain and Soybean futures were mixed again Wednesday with planting progress and the positive weather outlook providing pressure.

Toward the close and through Mar ‘26 contracts, Corn futures were fractionally lower to 6¢ lower. Kansas City Wheat futures were 7¢ to 8¢ lower. Soybean futures were 4¢ lower to 2¢ higher.

Lower outside markets helped keep Cattle futures in check Tuesday.

Toward the close, Live Cattle futures were unchanged to an average of 21¢ higher, except for 7¢ lower in spot Jun. Feeder Cattle futures were unchanged to an average of 22¢ higher, except for 52¢ lower in spot May.

Negotiated cash fed cattle trade was moderate on good demand in the Texas Panhandle through Tuesday afternoon, according to the Agricultural Marketing Service. FOB live trades were mainly steady at $218/cwt., but a few up to $219.

Trade in Kansas was light on good demand. FOB trades so far this week are steady to $2 higher at $218-$220.

Elsewhere, trade was mostly inactive on light demand.

Last week, FOB live prices were $222-$223 in Nebraska and $220-$224 in the western Corn Belt. Dressed delivered prices were $350.00/cwt., except for a few up to $352 in Nebraska.

Choice boxed beef cutout value was $1.10 higher Tuesday afternoon at $344.67/cwt. Select was $4.90 higher at $332.97.

Grain and Soybean futures were mixed Tuesday.

Toward the close and through Mar ‘26 contracts, Corn futures were 1¢ higher to 2¢ lower. Kansas City Wheat futures were 2¢ to 4¢ higher. Soybean futures were 3¢ to 5¢ lower.

Cattle futures extended gains Monday with follow-through support from last week’s stronger cash fed cattle prices.

Toward the close, Live Cattle futures were an average of $1.43 higher. Feeder Cattle futures were an average of $2.05 higher.

Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $6 higher in the Texas Panhandle at $218/cwt., $5-$8 higher in Kansas at $218, $4-$5 higher in Nebraska at $222-$223 and $5 higher in the western Corn Belt at $222-$223.

Dressed delivered prices were $7-$10 higher in Nebraska at $350 with a few up to $352, and $8-$10 higher in the western Corn Belt at $350.

Last week’s weighted average five-area direct FOB live fed steer price was $4.65 higher at $220.97/cwt. The weighted average dressed delivered fed steer price was $7.95 higher at $349.37.

Choice boxed beef cutout value was 67¢ higher Monday afternoon at $343.57/cwt. Select was $2.72 higher at $328.07.

Grain and Soybean futures were lower Monday with pressure from planting progress and favorable domestic weather.

Toward the close and through Mar ‘26 contracts, Corn futures were 13¢ to 14¢ lower in the front two contracts and then 7¢ lower. Kansas City Wheat futures were mostly 8¢ to 9¢ lower. Soybean futures were 7¢ to 12¢ lower.

Cattle futures closed higher Friday, continuing to ride bullish fundamentals and stronger cash prices.

Live Cattle futures closed an average of $1.88 higher.

Feeder Cattle futures closed an average of $2.38 higher.

Week to week on Friday, Live Cattle futures closed an average of $2.25 higher. Feeder Cattle futures were an average of $1.85 higher during the same period (52¢ higher at the back to $4.42 higher at the front).

Negotiated cash fed cattle trade was mostly limited on good demand in all major cattle feeding regions through Friday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

For the week, FOB live prices were $6 higher in the Texas Panhandle at mostly $218/cwt., $5-$8 higher in Kansas at mostly $218, $4-$5 higher in Nebraska at $222-$223 and $5 higher in the western Corn Belt at $222-$223.

Dressed delivered prices were $7-$10 higher in Nebraska at $350 and $8-$10 higher in the western Corn Belt at $350.

Choice boxed beef cutout value was 27¢ lower Friday afternoon at $342.90/cwt. Select was $1.07 higher at $325.35. Week to week on Friday, Choice was $6.42 higher and Select was $5.24 higher.  

Grain and Soybean futures closed higher Friday, helped along by the week’s bullish outside markets and what was considered to be a sign of easing tariff tensions with China.

Corn futures closed mostly 1¢ to 2¢ higher, except for 3¢ lower in the front two contracts.

Kansas City Wheat futures closed 11¢ to 13¢ higher.

Soybean futures closed mostly 5¢ to 7¢ higher.

Cattle futures were mainly lower Thursday, despite the previous day’s surge in cash fed cattle prices. Toward the close, Live cattle futures were an average of 52¢ lower, except for an average of 79¢ higher in the front two contracts.

Feeder Cattle futures were an average of $1.39 lower, except for 47¢ higher in spot May with likely follow-through technical pressure.

Negotiated cash fed cattle trade was light on very good demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service.

So far this week, FOB live prices are $6 higher in the Texas Panhandle at mostly $218/cwt., $5-$8 higher in Kansas at mostly $218, $4-$5 higher in Nebraska at $222-$223 and $4-$5 higher in the western Corn Belt at mostly $222.

Dressed delivered prices are $7-$10 higher in Nebraska at $350 and $8-$10 higher in the western Corn Belt at $350.

Choice boxed beef cutout value was $2.14 lower Thursday afternoon at $343.17/cwt. Select was $2.26 higher at $324.28.

Grain and Soybean futures were mixed Thursday with likely influence from weekly export sales.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally lower to 4¢ lower. Net U.S. corn export sales for the week ending April 25 were 12% less than the previous week and 13% less than the prior four-week average, according to the weekly USDA export sales report.

Kansas City Wheat futures were 1¢ lower after 7¢ higher in spot May. Net U.S. wheat export sales were down noticeably from the previous week and down 24% from the prior four-week average.

Soybean futures were 5¢ to 6¢ higher. Net U.S. soybean export sales were 55% higher week to week and 27% more than the prior four-week average.  

Cattle futures were higher Monday, supported by another week of stronger cash fed cattle prices and a day of sharply higher wholesale beef values.

Toward the close, Live Cattle futures were an average of 83¢ (20¢ higher toward the back to $1.50 higher at the front).

Feeder Cattle futures were an average of 51¢ higher (12¢ to $1.37 higher).

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $2-$4 higher in the Texas Panhandle at $210-$214/cwt., steady to $3 higher in Kansas at $210-$213, mostly $4-$6 higher in Nebraska at mainly $218 and mostly $5-$6 higher in the western Corn Belt at mainly $217-$218.

Dressed delivered prices were $3-$8 higher in Nebraska at $340-$343 and $5-$7 higher in the western Corn Belt at $340-$342.

Last week’s five-area direct weighed average FOB live fed steer price was $4.69 higher at $216.32/cwt. The weighted average dressed delivered steer price was $4.61 higher at $341.42.

Choice boxed beef cutout value was $6.29 higher Monday afternoon at $342.77/cwt. Select was $5.01 higher at $325.12.

Corn and Kansas City Wheat futures were lower Monday, pressured by Corn’s strong planting pace (see below).

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 4¢ lower. Kansas City Wheat futures were 10¢ to 12¢ lower. Soybean futures were 1¢ lower to 2¢ higher.  

Cattle futures were narrowly mixed to higher Friday, supported by the week’s stronger outside markets and the prospects for negotiated cash fed cattle prices retaining recent gains.

Live Cattle futures closed narrowly mixed, from unchanged to an average of 12¢ lower in four contracts, to an average of 34¢ higher.

Feeder Cattle futures closed an average of $1.65 higher.

For the week, Monday through Friday, Live Cattle futures closed an average of $3.38 higher. During the same period, Feeder Cattle futures closed an average of $4.76 higher, receiving added support from Corn futures that were an average of 6’6¢ lower through the front six contracts during the same period, pressured by planting progress.

Weekly negotiated cash fed cattle trade remained to be established with light trade on moderate demand in all major cattle feeding regions through Friday afternoon, according to the Agricultural Marketing Service.

There were a few live FOB trades at $212/cwt. in the Texas Panhandle and $218 in Kansas, but too few transactions to trend.

The previous week, FOB live prices were $208-$210/cwt. in the Texas Panhandle, $210 in Kansas, $212-$214 in Nebraska and $212 in the western Corn Belt. Dressed delivered prices were $332-$340 in Nebraska and $335 in the western Corn Belt.

Choice boxed beef cutout value was $2.78 higher Friday afternoon at $336.48/cwt. Select was $3.76 higher at $320.11. Week to week on Friday, Choice was $4.97 higher and Select was $4.56 higher.

Estimated total cattle slaughter last week of 555,000 head was 21,000 head fewer than the previous week and 59,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 9.6 million head was 589,000 head fewer (-5.8%) than the same period last year. Estimated year-to-date beef production of 8.3 billion pounds was 178.7 million pounds less (-2.1%).

Turning to the grain complex, futures were mixed on Friday.

Corn futures closed mostly fractionally lower to 1¢ lower. Kansas City Wheat futures closed mostly fractionally higher. Soybean futures closed mostly fractionally higher to 1¢ higher, except for 1¢ to 3¢ lower in the front three contracts.  

Cattle futures were higher Thursday, supported by stronger outside markets and the prospects for steady to higher cash fed cattle prices this week.

Toward the close, Live Cattle futures were an average of 51¢ higher, except for 2¢ lower in near Jun. Feeder Cattle futures were an average of 65¢ higher.

Negotiated cash fed cattle trade ranged from light on moderate demand in Kansas to mostly inactive on very light demand elsewhere through Thursday afternoon, according to the Agricultural Marketing Service. There were too few transactions to trend in any region.

Last week, FOB live prices were $208-$210/cwt. in the Texas Panhandle, $210 in Kansas, $212-$214 in Nebraska and $212 in the western Corn Belt. Dressed delivered prices were $332-$340 in Nebraska and $335 in the western Corn Belt.

Choice boxed beef cutout value was $1.73 higher Thursday afternoon at $333.70/cwt. Select was $1.83 higher at $316.35.

Grain and Soybean futures were higher Thursday.

Toward the close and through Sep ’25 contracts, Corn futures were unchanged to 4¢ higher. Kansas City Wheat futures were fractionally higher to 1¢ higher. Soybean futures were 10¢ to 14¢ higher

Cattle futures were higher Wednesday, helped along by firmer outside markets.

Toward the close, Live Cattle futures closed an average of 89¢ higher. Feeder Cattle futures closed an average of 73¢ higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in Kansas to a standstill elsewhere through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $208-$210/cwt. in the Texas Panhandle, $210 in Kansas, $212-$214 in Nebraska and $212 in the western Corn Belt. Dressed delivered prices were $332-$340 in Nebraska and $335 in the western Corn Belt.

Choice boxed beef cutout value was 24¢ higher Wednesday afternoon at $331.97/cwt. Select was $3.13 lower at $314.52.

Grain and Soybean futures were mixed Wednesday. Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 4¢ lower. Kansas City Wheat futures were 7¢ to 8¢ lower. Soybean futures were 2¢ to 6¢ higher.

Cattle futures rebounded Tuesday, following outside markets higher just they followed them lower the previous day.

Toward the close, Live Cattle futures closed an average of $1.94 higher. Feeder Cattle futures closed an average of $2.50 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $208-$210/cwt. in the Texas Panhandle, $210 in Kansas, $212-$214 in Nebraska and $212 in the western Corn Belt. Dressed delivered prices were $332-$340 in and $335 in the western Corn Belt.

Choice boxed beef cutout value was $1.79 lower Tuesday afternoon at $331.73/cwt. Select was $1.12 lower at $317.65.

Grain and Soybean futures were mixed Tuesday.

Toward the close and through Sep ’25 contracts, Corn futures were 6¢ to 7¢ lower, pressured by the fast planting clip with 12% in the ground April 20, according to the latest USDA Crop Progress report.

Kansas City Wheat futures were 4¢ to 6¢ lower.

Cattle futures closed lower Monday, pressured by the sinking equities and perhaps added pressure from last week’s Cattle on Feed report which indicated more placements than expected last month.

Toward the close, Live Cattle futures were an average of 34¢ lower, except for 20¢ higher in the back contract. Feeder Cattle futures were an average of $1.78 lower.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $4-$6 higher in the Texas Panhandle at $208-$210/cwt., $6 higher in Kansas at $210, $4-$6 higher in Nebraska at $212-$214 and $4 higher in the western Corn Belt at $212. Dressed delivered prices were $5-$12 higher in Nebraska at $332-$340 and $7-$8 higher in the western Corn Belt at $335.

The five-area direct weighted average FOB live fed steer price last week was $3.93 higher at $211.63/cwt. The weighted average dressed delivered fed steer price was $9.10 higher at $336.81.

Choice boxed beef cutout value was $2.00 higher Monday afternoon at $333.52/cwt. Select was $3.22 higher at $318.77.

Grain and Soybean futures were lower Monday, with little direction other than turbulence in the outside markets.

Toward the close and through Sep ’25 contracts, Corn futures were unchanged to 2¢ lower. Kansas City Wheat futures were 5¢ lower. Soybean futures were 6¢ to 8¢ lower.  

Negotiated cash fed cattle trade ranged from limited on light demand in the western Corn Belt to inactive on very light demand elsewhere through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $4-$6 higher in the Texas Panhandle at $208-$210/cwt., $6 higher in Kansas at $210, $4-$6 higher in Nebraska at $212-$214 and $4-$7 higher in the western Corn Belt at $212-$215. Dressed delivered prices were $5-$12 higher in Nebraska at $332-$340 and $7-$8 higher in the western Corn Belt at $335.

Choice boxed beef cutout value was $1.38 lower Friday afternoon at $331.51/cwt. Select was 84¢ lower at $315.55.

Estimated total cattle slaughter last week of 576,000 head was 12,000 head more than the previous week but 42,000 head fewer than the same week a year earlier. Year-to-date estimated total cattle slaughter of 9.0 million head was 530,000 head fewer (-5.6%). Estimated year-to-date beef production of 7.6 billion pounds was 147.2 million pounds less (-1.8%).

Equity and futures markets were closed Friday in observance of Good Friday. Cattle futures trended higher during the week, supported by stronger negotiated cash fed cattle prices.

Live Cattle futures closed an average of $6.27 higher week to week on Thursday ($4.25 higher at the back to $8.98 higher at the front.

Week to week on Thursday, Feeder Cattle futures closed an average of $9.41 higher.

Negotiated cash fed cattle trade and demand were moderate in the Texas Panhandle through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $4 higher at $208/cwt.

Elsewhere, trade was limited on light-to-moderate demand with too few transactions to trend. However, private sources were reporting higher prices in the North, too.

Last week, FOB live prices were $204 in Kansas and $208 in the North, where dressed delivered prices were $327-$328.

Choice boxed beef cutout value was 63¢ lower Thursday afternoon at $332.90/cwt. Select was $2.00 higher at $316.39.

Cattle futures continued higher Thursday, supported by higher cash fed cattle prices.

Toward the close, Live Cattle futures were an average of 92¢ higher (12¢ higher toward the back to $2.67 higher in spot Apr), except for 25¢ lower in away-Aug.

Feeder Cattle futures were an average of $1.50 higher (22¢ higher toward the back to $3.37 higher in spot Apr), except for an average of 9¢ lower in the back two contracts.

Grain and Soybean futures were mainly lower Thursday, with likely profit taking and positioning ahead of the long weekend.

Toward the close and through Sep ’25 contracts, Corn futures fractionally lower to 1¢ lower. Kansas City Wheat futures were mostly 1¢ to 3¢ lower. Soybean futures were mostly 2¢ to 3¢ lower.  

Cattle futures were higher Wednesday, continuing to backfill the gap left by tariff pressures. Positioning ahead of the monthly Cattle on Feed report — due out Thursday rather than the usual Friday — could have lent added support. Estimates ahead of the report peg March placements about 3.5% higher year over year and the on-feed inventory April 1 down close to 2%.

Toward the close, Live Cattle futures were an average of $1.23 higher (27¢ higher at the back to $2.27 higher at the front), except for 15¢ lower in away-Aug.

Feeder Cattle futures were an average of 94¢ higher (45¢ higher at the back to $1.65 higher toward the front), except for 5¢ lower in Mar.

Negotiated cash fed cattle trade ranged from inactive on very light demand in the western Corn Belt to  a standstill elsewhere through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $204/cwt. in the Southern Plains and $208 in the North. Dressed delivered prices were $327-$328.

Choice boxed beef cutout value was $1.90 lower Wednesday afternoon at $333.53/cwt. Select was 85¢ lower at $314.39.

Grain and Soybean futures were higher Wednesday, helped along by the lower U.S. dollar.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ higher. Kansas City Wheat futures were 4¢ to 7¢ higher. Soybean futures were 1¢ to 4¢ higher.  

Cattle futures were higher again Tuesday.

Toward the close, Live Cattle futures were an average of 70¢ higher. Feeder Cattle futures were an average of $1.44 higher.

Negotiated cash fed cattle trade was at a standstill in all regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $204/cwt. in the Southern Plains and $208 in the North. Dressed delivered prices were $327-$328.

Choice boxed beef cutout value was 13¢ lower Tuesday afternoon at $335.43/cwt. Select was 61¢ lower at $315.24.

Grain and Soybean futures softened Monday with likely continued profit taking.

Toward the close and through Sep ’25 contracts, Corn futures were mostly fractionally higher to 4¢ lower. Kansas City Wheat futures were 2¢ to 3¢ lower. Soybean futures were fractionally lower to 6¢ lower.

Cattle futures were higher again Monday, as outside markets continued to improve.

Toward the close, Live Cattle futures were an average of $1.36 higher. Feeder Cattle futures were an average of $2.22 higher.

Negotiated cash fed cattle trade was at a standstill in all regions through Monday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $4 lower in the Southern Plains at $204/cwt. and $2-$5 lower in the North at $208. Dressed delivered prices were $7-$8 lower at $327-$328.

Last week’s five-area direct weighted average FOB live fed steer price was $3.44 lower last week at $207.70/cwt. The weighted average dressed delivered fed steer price was $8.74 lower at $327.73.

Choice boxed beef cutout value was $1.41 higher Monday afternoon at $335.63/cwt. Select was $1.89 higher at $315.85.

Grain and Soybean futures softened Monday with likely profit taking.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 6¢ lower. Kansas City Wheat futures were 13¢ to 14¢ lower. Soybean futures were 1¢ lower to 1¢ higher.

Cattle futures closed higher Friday, following stronger equity markets.

Live Cattle futures were an average of $2.15 higher. Feeder Cattle futures were an average of $3.47 higher. Week to week on Friday, Live Cattle futures closed mixed, from an average of 80¢ lower in the front three contracts to an average of $2.45 higher. Feeder Cattle futures were an average of $3.57 higher during the same period.

Negotiated cash fed cattle trade was limited on light demand in all regions through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $2-$5 lower at $208/cwt. in Nebraska and the western Corn Belt. Dressed delivered prices were $7-$8 lower at $327-$328.

The previous week, live FOB prices were $208 in the Southern Plains.

Wholesale beef prices softened. Choice boxed beef cutout value was 7¢ lower Friday afternoon at $334.22/cwt. Select was $1 lower at $313.96.

Estimated total cattle slaughter last week of 564,000 head was 27,000 head fewer than the previous week and 34,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 8.4 million head was 483,000 head fewer (-5.4%) than the same week a year earlier. Estimated year-to-date beef production of 7.4 billion pounds was 126.4 million pounds less (-1.7%).

Grain and Soybean futures were higher Friday.

Corn futures were mostly 8¢ to 9¢ higher, supported by the week’s U.S. export sales, lower U.S. dollar and added weather premium. Week to week on Friday, they were an average of 20’3¢ higher through the front six contracts.

Kansas City Wheat futures were 10¢ higher. Soybean futures were mostly 15¢ to 20¢ higher.

Cattle futures were lower Thursday, giving back a fair bit of the previous day’s gains as equity markets lost ground.

Toward the close, Live Cattle futures were an average of $2.09 lower. Feeder Cattle futures were an average of $2.50 lower.

Negotiated cash fed cattle trade was slow on slow to moderate demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service. So far this week, FOB live prices are $2-$5 lower at $208/cwt. and dressed delivered prices are $7-$8 lower at $327-$328.

Elsewhere, trade ranged from limited on light demand to a standstill with too few transactions to trend.

Last week, FOB live prices were $208 in the Southern Plains and $210-$213 in the western Corn Belt, where dressed delivered prices were $335.

Grain and Soybean futures were mixed Thursday with Corn and Soybeans receiving support from lower ending stocks in the latest World Agricultural Supply and Demand Estimates (see below).

Toward the close and through Sep ’25 contracts,

Corn futures were 3¢ to 8¢ higher. Soybean futures were 8¢ to 15¢ higher. Kansas City Wheat futures were 9¢ to 11¢ lower.

Cattle futures continued lower Monday as equity markets unraveled further.

Toward the close, Live Cattle futures were an average of $2.66 lower and  Feeder Cattle futures were an average of $2.18 lower.

Negotiated cash fed cattle trade ranged from inactive on very light demand in Kansas to a standstill through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were steady to $1-$2 lower in the Southern Plains at $208/cwt. steady to $3 lower in the North at $210-$213. Dressed delivered prices were steady at the low end of last week’s range at $335.

The five-area direct weighted average FOB live steer price last week was $1 lower at $211.14/cwt. The weighted average dressed delivered steer price was $1.85 lower at $336.47.

Choice boxed beef cutout value was $1.05 higher Monday afternoon at $339.50/cwt. Select was $2.12 higher at $319.30.

Grain and Soybean futures firmed Monday.

Toward the close, Corn futures were fractionally lower to 1¢ lower, except for 3¢ to 4¢ higher in old-crop contracts. Kansas City Wheat futures were 1¢ to 3¢ higher. Soybean futures were mostly 2¢ to 4¢ higher, except for 3¢ to 7¢ higher in the front three contracts.

Cattle futures plunged lower Friday with follow-through, tariff-related pressure — limit-down in some contracts.

Live Cattle futures closed an average of $6.00 lower. Feeder Cattle futures closed an average of $7.81 lower.

Negotiated cash fed cattle trade ranged from light on light demand in the Southern Plains to light on moderate demand in the North through Friday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $1-$2 lower in the Southern Plains at $208/cwt. steady to $3 lower in Nebraska at $210 and steady in the western Corn Belt at $213. Dressed delivered prices were steady at $335, the low end of last week’s range.

Choice boxed beef cutout value was 8¢ higher Friday afternoon at $338.45/cwt. Select was 66¢ lower at $317.18.

Last week’s estimated total cattle slaughter of 591,000 head was 18,000 head fewer than the previous week and 23,000 head fewer than the same week last year. Estimated year-to-date total cattle slaughter of 7.9 million head was 448,000 head fewer (-5.4%) than the same period last year. Estimated year-to-date beef production of 6.9 billion pounds was 114.9 million pounds less (-1.6%).

Steep and far-ranging U.S. tariffs announced by the Trump administration rattled equities and Cattle futures markets Thursday. Along with continued uncertainty surrounding the tariffs and their implementation, worries abound that they will increase inflation, disrupt supply chains and slow economic growth the world over.

Cattle futures sank Thursday. Tariffs themselves may have little impact on cattle markets directly. However, the tariffs increase risk of slowing domestic economic growth and potential economic recession which could impact consumer beef demand.

Toward the close, Live Cattle futures were an average of $2.55 lower. Feeder Cattle futures were an average of $4.03 lower.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Southern Plains to light on limited demand in the North through Thursday afternoon, according to the Agricultural Marketing Service.

Although too few to trend, there were some early dressed delivered trades at $335-$345/cwt. in Nebraska and some early FOB live trades in the western Corn Belt at $213.

Last week, FOB live prices were $209-$210 in the Southern Plains and $213 in the North. Dressed delivered prices were $335-$345.

Grain and Soybean futures were mixed Thursday. Although the new the U.S. tariffs applied pressure, Grain futures faded some heat, given the exclusion of agricultural products covered by the U.S., Mexico and Canada Trade Agreement.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ lower to 1¢ higher. Kansas City Wheat futures were 1¢ to 2¢ higher. Soybean futures were 17¢ to 19¢ lower.

Cattle futures continued to grind higher Wednesday.

Toward the close, Live Cattle futures were an average of 98¢ higher, from 47¢ to $1.95 higher toward the front of the board. Feeder Cattle futures were an average of $1.49 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Texas Panhandle to a standstill elsewhere through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $209-$210/cwt. in the Southern Plains and $213 in the North. Dressed delivered prices were $335-$345.

Choice boxed beef cutout value was $2.32 lower Wednesday afternoon at $339.90/cwt. Select was $3.24 lower at $318.83.

Grain and Soybean futures were mixed Wednesday with the main pressure likely tied to trepidation concerning the U.S. tariffs announced after the session closed.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 4¢ lower. Kansas City Wheat futures were fractionally higher to 2¢ higher. Soybean futures were 3¢ to 5¢ lower.

Cattle futures were higher Tuesday on the first day of the new quarter, supported by strengthening wholesale beef values.

Choice boxed beef cutout value was $6.96 higher Tuesday afternoon at $342.22/cwt. Select was $2.06 higher at $322.07.

Toward the close, Live Cattle futures were an average of $2.06 higher. Feeder Cattle futures were an average of $2.73 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the North to a standstill in the Southern Plains through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $209-$210/cwt. in the Southern Plains and $213 in the North. Dressed delivered prices were $335-$345.

Grain and Soybean futures were higher Tuesday as traders resumed buying after month-end and quarter-end position squaring and with USDA’s Planting Intensions and Grain Stocks reports in the books, perhaps also reflecting some new weather premium.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 5¢ higher. Kansas City Wheat futures were 5¢ to 7¢ higher. Soybean futures were 18¢ to 20¢ higher.

Cattle futures were mixed to lower Monday with likely month-end and quarter-end profit taking.

Toward the close, Live Cattle futures were an average of 82¢ lower. Feeder Cattle futures were narrowly mixed, from an average of 58¢ lower to an average of 19¢ higher. 

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the western Corn Belt to a standstill elsewhere through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were steady to $1 lower in the Southern Plains at $209-$210/cwt. and unevenly steady in the North at mostly $213. Dressed delivered prices were steady to $10 higher at $335-$345.

The weighted average five-area direct FOB live steer price last week was 62¢ lower at $212.14. The weighted average dressed delivered steer price was $3.17 higher at $338.32.

Choice boxed beef cutout value was $2.44 higher Monday afternoon at $335.26/cwt. Select was $1.33 higher at $320.01.

Grain and Soybean were mixed Monday with the reaction to USDA’s Planting Intensions and Grain Stocks reports, suggesting the market had factored in similar numbers. More about those reports momentarily.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally higher to 4¢ higher, supported by tighter stocks. Kansas City Wheat futures were 3¢ to 4¢ higher. Soybean futures were 9¢ to 10¢ lower.  

Cattle futures closed lower Friday with likely profit taking but were higher week to week.

Live Cattle futures closed an average of 62¢ lower, from 12¢ lower at the back to $1.00 lower toward the front. Feeder Cattle futures were an average of 82¢ lower. 

Week to week on Friday, Live Cattle futures closed an average of $1.15 higher (40¢ to $2.07 higher). Feeder Cattle futures closed an average of $1.23 higher during the same period.

Negotiated cash fed cattle trade was light on moderate to good demand in Nebraska through Friday afternoon, according to the Agricultural Marketing Service. Dressed delivered prices were steady to $10 higher at $335-$345/cwt., in a light test. There were a few FOB live trades at $213, but too few to trend; prices in the region the previous week were $212-$215.

Trade was light on moderate demand in Kansas and the western Corn Belt. There were a few live FOB trades in Kansas at $209, but too few to trend. Prices the previous week were $210 in Kansas and $212-$215 in the western Corn Belt, where dressed delivered prices were $335.

In the Texas Panhandle, trade was mostly inactive on light demand. FOB live prices the previous week were $210.

Choice boxed beef cutout value was $2.90 lower Friday afternoon at $332.82/cwt. Select was 76¢ lower at $318.68. Week to week on Friday, Choice boxed beef cutout value was $6.91 higher and Select was $9.04 higher with a substantial increase in cattle slaughter.

Estimated total cattle slaughter last week of 609,000 head was 49,000 head more than the previous week and 27,000 head more than the same week last year. Estimated year-to-date total cattle slaughter of 7.3 million head was 423,000 head fewer (-5.5%) than the same period a year ago. Estimated year-to-date beef production of 6.4 billion pounds was 1.1 million pounds less (-1.7%).

Grain and Soybean futures were mixed Friday, as traders positioned head of Monday’s USDA Planting Intensions and Grain Stocks reports.

Corn futures were mostly 1¢ lower, except for nearby. Kansas City Wheat futures were 10¢ to 14¢ lower. Soybean futures were 3¢ to 8¢ higher through May ’26.

Cattle futures rose Thursday, supported by recent wholesale beef price strength and perhaps speculation that cattle feeders can push cash fed cattle prices higher again this week.

Toward the close, Live Cattle futures were an average of $1.96 higher across a broad range of 60¢ higher at the back to $3.12 higher toward the front.

Feeder Cattle futures were an average of $1.63 higher.

Negotiated cash fed cattle trade was mostly inactive on very light demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $210 in the Southern Plains and $212-$215 in the North. Dressed delivered prices were $335.

Choice boxed beef cutout value was $2.58 lower Thursday afternoon at $335.72/cwt. Select was $2.91 higher at $319.44.

Grain and Soybean were mixed Thursday,

Toward the close and through Sep ’25 contracts, Corn futures were fractionally lower to 1¢ lower. Kansas City Wheat futures were fractionally higher to 2¢ higher. However, Soybean futures were 13¢ to 14¢ higher, likely supported by expectations of significantly lower planting intentions in Monday’s much-anticipated USDA report.

Cattle futures mostly gained Wednesday, helped along by bullish Choice wholesale beef values.

Toward the close, Live Cattle futures were an average of 39¢ higher. Feeder Cattle futures were an average of $1.25 higher, except for 15¢ lower in waning Mar. 

Negotiated cash fed cattle trade was light on very light demand in the western Corn Belt through Wednesday afternoon, according to the Agricultural Marketing Service. There were a few FOB live trades at $213/cwt.

Elsewhere, trade was mostly inactive on very light demand.

Last week, FOB live prices were $210 in the Southern Plains and $212-$215 in the North. Dressed delivered prices were $335.

Choice boxed beef cutout value was $3.11 higher Wednesday afternoon at $338.30/cwt. Select was $2.48 higher at $316.53.

Grain and Soybean were lower Wednesday with follow-through concerns including early-planting pressure, tariff wonderments and the upcoming USDA Grain Stocks and Planting Intentions reports.

Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 6¢ lower. Kansas City Wheat futures were mostly 5¢ to 6¢ lower. Soybean futures were fractionally mixed to 1¢ lower.

Cattle futures closed mostly a touch lower Tuesday but off of session lows as traders await this week’s cash fed cattle direction.

Toward the close, Live Cattle futures were an average of 33¢ lower, except for an average of 56¢ higher in the front two contracts.

Feeder Cattle futures were an average of 36¢ lower, except for 25¢ higher in spot Mar. 

Negotiated cash fed cattle trade was mostly inactive on very light demand in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

FOB live prices last week were $210/cwt. in the Southern Plains and $212-$215 in the North. Dressed delivered prices were $335.

Choice boxed beef cutout value was $8.09 higher Tuesday afternoon at $335.19/cwt. Select was 47¢ higher at $324.05.

Grain and Soybean futures were lower Tuesday. Apparently, pressure included increased trader wariness regarding the U.S. Trade Representative’s (USTR) recent proposal to impose new, steep levies on Chinese-built and operated ocean carries arriving at U.S. ports, which would likely disrupt trade and decrease domestic price competitiveness in the global market.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 6¢ lower. Kansas City Wheat futures were 6¢ to 7¢ lower. Soybean futures were fractionally higher to 5¢ lower.

Cattle futures closed narrowly mixed Monday, following early-session strength supported by last week’s strong cash fed cattle prices and Friday’s friendly Cattle on Feed report.

Toward the close, Live Cattle futures were an average of 42¢ lower. Feeder Cattle futures were an average of 23¢ lower, except for an average of 16¢ higher in the front two contracts.  

Negotiated cash fed cattle trade was at standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

FOB live prices last week were $210/cwt. in the Southern Plains $212-$215 in the North. Dressed delivered prices were $335.

Last week’s five-area direct weighted average FOB live fed steer price was $7.46 higher at $212.76. The weighted average dressed delivered fed steer price was $10.18 higher at $335.15.

Choice boxed beef cutout value was $1.65 higher Monday afternoon at $327.10/cwt. Select was $3.96 higher at $313.58.

Turning to the grain complex, futures continued their mixed choppiness Monday.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally mixed. Kansas City Wheat futures were 11¢ lower. Soybean futures were 2¢ lower.

Negotiated cash fed cattle trade was active on very good demand in all major cattle feeding regions through Friday afternoon, according to the Agricultural Marketing Service.

FOB live prices were $7-$8 higher in the Southern Plains at $210/cwt. and $6-$9 higher in the North at $212-$215. Dressed delivered prices were $10 higher at $335.

Cattle futures closed lower Friday after early strength on likely week-end profit taking and positioning.

Live Cattle futures closed an average of $2.58 lower. Feeder Cattle futures were an average of $4.20 lower ($1.87 lower at the front to $5.05 lower at the back).

Cattle futures should find some early-week support tied to the friendly Cattle on Feed report (see below).

Choice boxed beef cutout value was $2.15 lower Friday afternoon at $325.91/cwt. Select was 28¢ higher at $309.64.

Week to week on Friday, Choice was $7.64 higher and Select was $3.32 higher. Choice was up $11 over the past two weeks.

Estimated total cattle slaughter last week of 560,000 head was 24,000 head less than the prior week and 33,000 head less than the same week last year. Estimated year-to-date total cattle slaughter of 6.7 million head was 452,000 head less (-6.3%). Estimated year-to-date beef production of 5.8 billion pounds was 143.3 million pounds less (-2.4%).

Turning to the grain complex, futures were mixed again Friday.

Corn futures closed mostly 2¢ lower. Kansas City Wheat futures closed mostly 2¢ higher. Soybean futures closed 2¢ to 3¢ lower.

Cattle futures extended gains Thursday, supported by recently higher wholesale beef values and the increasing likelihood of higher cash fed cattle prices for the week. Through mid-morning Friday, Cattle futures were lower ahead of the monthly Cattle on Feed report.

On Thursday, Live Cattle futures closed an average of $1.36 higher. Feeder Cattle futures closed an average of $1.46 higher.

There was no AMS report for negotiated cash fed cattle prices Thursday afternoon. Through mid-morning Friday, there were reports of significantly higher week-to-week bids.

Last week, FOB live prices were $202-$203/cwt. in the Southern Plains and $206 in the North. Dressed delivered prices were $325.

Grain and Soybean futures were mixed Thursday.

Corn futures closed 2¢ to 7¢ higher through old-crop contracts and then mostly fractionally mixed. Front months were supported by strong weekly export demand.

Kansas City Wheat futures closed 5¢ to 8¢ lower through away May and then fractionally lower to 3¢ lower.

Soybean futures closed 1¢ to 4¢ higher through near Sep and then fractionally lower to 1¢ lower. 

Cattle futures were higher Wednesday, supported by surging wholesale beef values, firmer outside markets and possibly an eye toward Friday’s monthly Cattle on Feed report.

Pre-report estimates are for February feedlot placements to be about 14% less year over year, February marketing to be down about 8% and the March 1 cattle on feed inventory to be down 2%.

Toward the close, Live Cattle futures were an average of $1.01 higher. Feeder Cattle futures were an average of $1.84 higher.  

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $202-$203/cwt. in the Southern Plains and $206 in the North. Dressed delivered prices were $325.

Choice boxed beef cutout value was $6.29 higher Wednesday afternoon at $329.61/cwt. Select was 55¢ lower at $308.68.

Grain and Soybean futures softened Wednesday.

Toward the close and through Sep ’25 contracts,

Corn futures were mostly 2¢ lower to 3¢ higher. Kansas City Wheat futures 8¢ to 11¢ lower. Soybean futures 4¢ to 5¢ lower.  

Cattle futures were narrowly mixed Tuesday with pressure from outside markets and wonderment about this week’s cash fed cattle prices.

Toward the close, Live Cattle futures were narrowly mixed, from unchanged to 12¢ lower in five contracts to an average of 13¢ higher. Feeder Cattle futures were an average of 20¢ higher, except for 15¢ lower in the back contract.  

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $202-$203/cwt. in the Southern Plains and $206 in the North. Dressed delivered prices were $325.

Choice boxed beef cutout value was $2.16 higher Tuesday afternoon at $323.32/cwt. Select was $1.33 higher at $309.23.

Grain and Soybean futures were mixed again Tuesday.

Toward the close and through Sep ’25 contracts, Kansas City Wheat futures were fractionally mixed. Corn futures were 1¢ to 3¢ lower. Soybean futures  were 2¢ to 3¢ lower.  

Cattle futures closed higher Monday, supported by last week’s bounce in cash fed cattle prices and stronger wholesale beef values.

Toward the close, Live Cattle futures closed an average of $1.77 higher. Feeder Cattle futures were an average of $2.74 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $5-$6 higher in the Southern Plains at $202-$203/cwt. and $4-$6 higher in the North at $206/cwt. Dressed delivered prices were $8-$10 higher in Nebraska at $325 and $5-$10 higher in the western Corn Belt at $325.

The weighted average five-area direct FOB live fed steer price last week was $5.02 higher at $205.30. The weighted average dressed delivered steer price was $8.54 higher at $324.97.

Choice boxed beef cutout value $2.89 higher Monday afternoon at $321.16/cwt. Select was $1.58 higher at $307.90.

Grain and Soybean futures were mixed Monday.

Toward the close and through Sep ’25 contracts, Kansas City Wheat futures 18¢ to 19¢ higher with traders apparently adding premium. Corn futures were 2¢ to 3¢ higher. Soybean futures were fractionally higher to 1¢ lower.

Cash fed cattle prices helped lead Cattle futures higher Friday and for the week.

Negotiated cash fed cattle trade was light to moderate on good demand in the North through Friday afternoon, according to the Agricultural Marketing Service. FOB live prices were $3-$5 higher at $205/cwt. in a light test. Dressed delivered prices in Nebraska were $8-$10 higher at $325. Dressed delivered prices in the western Corn Belt the previous week were $315-$320.

Trade in the Southern Plains was light to moderate on good demand. Although too few transactions for a trend, there were some FOB live trades at mostly $202. The previous week, prices in the region were $197.

Wholesale beef values softened on the day with Choice boxed beef cutout value $1.42 lower Friday afternoon at $318.27/cwt. Select was $1.15 lower at $306.32. Week to week, however, Choice was $3.37 higher and Select was 52¢ higher.

Estimated total cattle slaughter last week of 587,000 head was 9,000 head more than the previous week. Estimated year-to-date total cattle slaughter of 6.1 million head was 417,000 head fewer (-6.4%) than the same period last year. Estimated year-to-date beef production of 5.3 billion pounds was 123.1 million pounds less (-2.3%).

As alluded to, Cattle futures closed higher Friday, fueled by stronger cash fed cattle prices and continued feeder cattle bullishness in the country.

Live Cattle futures closed an average of 72¢ higher (30¢ higher at the back to $1.12 higher at the front). Feeder Cattle futures closed an average of 93¢ higher (27¢ higher at the back to $1.75 at the front).

Week to week on Friday, Live Cattle futures were an average of $2.32 higher and Feeder Cattle futures were an average of $4.76 higher.

Turning to the grain complex Friday, futures were mixed with likely profit taking and position squaring.

Corn futures were 1¢ to 8¢ lower through Dec ‘25 and then unchanged to fractionally lower. Kansas City Wheat futures 1¢ to 3¢ lower. Soybean futures were mostly 5¢ to 9¢ higher.

Cattle futures were mixed Thursday with support from growing optimism about cash fed cattle prices this week but pressure from bearish outside markets.

Toward the close, Live Cattle futures were mixed, from unchanged to an average of 22¢ lower in four contracts to an average of 48¢ higher. Feeder Cattle futures were an average of 60¢ lower, except for unchanged to an average of 20¢ higher in three contracts.

Negotiated cash fed cattle trade was mostly inactive on very light demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $197/cwt. in the Southern Plains and $200-$202 in the North. Dressed delivered prices were $315-$317 in Nebraska and $315-$320 in the western Corn Belt.

Choice boxed beef cutout value was $1.41 lower Thursday afternoon at $319.69/cwt. Select was 6¢ lower at $307.47

Grain and Soybean futures were higher Thursday, helped along by stronger weekly exports.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 6¢ higher. Kansas City Wheat futures 13¢ to 15¢ higher. Soybean futures were 5¢ to 11¢ higher.

Cattle futures gained traction Wednesday with recently stronger wholesale beef values and prospects of higher cash fed cattle prices this week.

Toward the close, Live Cattle futures were an average of $1.51 higher. Feeder Cattle futures were an average of $2.92 higher

Negotiated cash fed cattle trade was limited on light demand in Kansas through Wednesday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were some early FOB live trades at $200/cwt.

Elsewhere, trade was mostly inactive on very light demand.

Last week, FOB live prices were $197/cwt. in the Southern Plains and $200-$202 in the North. Dressed delivered prices were $315-$317 in Nebraska and $315-$320 in the western Corn Belt.

Choice boxed beef cutout value was 10¢ lower Wednesday afternoon at $321.10/cwt. Select was 67¢ higher at $307.53

Grain and Soybean futures were mixed Wednesday.

Toward the close and through Sep ’25 contracts, Corn futures were 7¢ to 8¢ lower, pressured by concerns about Canada imposing tariffs on U.S. ethanol imports if the trade war escalates.

Kansas City Wheat futures were 1¢ to 2¢ higher. Soybean futures were 7¢ to 11¢ lower.

Cattle futures were mixed Tuesday.

Toward the close, Live Cattle futures were an average of 71¢ lower (7¢ to $1.20 lower), except for 37¢ higher in away Jun with likely profit taking ahead of this week’s cash trade.

Feeder Cattle futures were an average of $1.01 higher, fueled by strong cash demand in the country.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $197/cwt. in the Southern Plains and $200-$202 in the North. Dressed delivered prices were $315-$317 in Nebraska and $315-$320 in the western Corn Belt.

Choice boxed beef cutout value was $3.62 higher Tuesday afternoon at $321.20/cwt. Select was 9¢ lower at $306.86.

Grain and Soybean futures were mixed Tuesday amid continued tariff confusion and little impetus in the monthly World Agricultural Supply and Demand Estimates. More about that report momentarily.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ lower to 1¢ higher. Kansas City Wheat futures mostly 5¢ to 7¢ lower. Soybean futures were 3¢ lower to 2¢ higher.

Cattle futures on Monday were mostly able to hold on to the previous session’s strong gains tied to higher cash fed cattle prices and recently stronger wholesale beef values, despite significantly lower outside markets.

Toward the close, Live Cattle futures were an average of 34¢ higher, except for 2¢ lower in spot Apr.

Feeder Cattle futures were an average of 93¢ higher (27¢ higher in spot Mar to $1.60 higher at the back), except for 12¢ lower in Apr.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were steady in the Southern Plains at $197/cwt., but $2-$4 higher in the North at $200-$202. Dressed delivered prices were $2-$4 higher in Nebraska at $315-$317 and $3-$7 higher in the western Corn Belt was $315-$320.

The five-area, weighted average direct FOB live steer price was $2.63 higher week to week at $200.28/cwt. The weighted average dressed delivered steer price was $3.51 higher at $316.43.

Choice boxed beef cutout value was $2.68 higher Monday afternoon at $317.58/cwt. Select was $1.15 higher at $306.95.

Nearby Corn and Kansas City Wheat futures were higher Monday with likely positioning ahead of Tuesday’s monthly World Agricultural Supply and Demand Estimates.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 3¢ higher. Kansas City Wheat futures mostly 14¢ higher, also supported by domestic weather concerns. However, Soybean futures were mostly 8¢ to 11¢ lower with pressure including South American harvest pressure.

Cattle futures rebounded Friday, fueled by the higher cash fed cattle prices in the North.

Live Cattle futures closed an average of $2.76 higher ($1.55 higher at the back to $4.00 higher at the front).

Feeder Cattle futures closed an average of $3.76 higher.

Week to week on Friday, Live Cattle futures closed an average of $5.46 higher ($3.42 higher at the back to $7.70 higher toward the front). During the same period, Feeder Cattle futures closed an average of $5.85 higher.

Negotiated cash fed cattle trade was mostly inactive on very light demand in the Southern Plains through Friday afternoon, according to the Agricultural Marketing Service. Trade was active on good demand in Nebraska but light with moderate demand in the western Corn Belt.

For the week, FOB live prices were steady in the Southern Plains at $197/cwt., but $2-$4 higher in the North at $200-$202. Dressed delivered prices were $2-$4 higher in Nebraska at $315-$317. The dressed delivered price in the western Corn Belt was $313.

Choice boxed beef cutout value was $1.78 higher Friday afternoon at $314.90/cwt. Select was $2.29 higher at $305.80. Week to week on Friday, Choice was $3.07 higher and Select was $3.75 higher.

Total estimated cattle slaughter last week of 578,000 head was 12,000 head more than the previous week but 6,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 5.5 million head was 410,000 head fewer (-6.9%) than the same period last year. Estimated year-to-date beef production of 4.8 billion pounds was 129.6 million less (-2.6%).

Turning to the grain complex, futures were mixed Friday.

Corn futures closed 4¢ to 5¢ higher through old-crop contracts and then mostly 2¢ higher. Kansas City Wheat futures closed mostly 3¢ to 4¢ lower. Soybean futures closed mostly 4¢ to 5¢ higher, except for fractionally lower to 3¢ lower through the front three contracts.

Cattle futures softened Thursday as outside markets turned more bearish and the week’s cash fed cattle trade remained unestablished.

Toward the close, Live Cattle futures were an average of 46¢ lower. Feeder Cattle futures were an average of 94¢ lower.

Negotiated cash fed cattle trade ranged from limited on light demand in Kansas to mostly inactive on very light demand elsewhere through Thursday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $197 in the Southern Plains and $198 in the North. Dressed delivered prices were $313.

Choice boxed beef cutout value was 42¢ lower Thursday afternoon at $313.12/cwt. Select was 98¢ higher at $303.51.

Grain and Soybean futures rose Thursday, supported by stronger demand and reports of delayed U.S. tariffs on Mexico and Canada.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 9¢ higher. Kansas City Wheat futures unchanged to 7¢ higher. Soybean futures were 12¢ to 17¢ higher.

Cattle futures gained Wednesday and continued to retrench, supported by higher outside markets.

Toward the close, Live Cattle futures were an average of $2.08 higher. Feeder Cattle futures were an average of $3.39 higher.

Negotiated cash fed cattle trade ranged from inactive on light demand in in the Southern Plains to a standstill elsewhere through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $197 in the Southern Plains and $198 in the North. Dressed delivered prices were $313.

Choice boxed beef cutout value was $1.33 lower Wednesday afternoon at $313.54/cwt. Select was $1.49 lower at $302.53.

Grain and Soybean futures were higher Wednesday, taking a breather from recent tariff pressure.

Toward the close and through Sep ’25 contracts, Corn futures were mostly fractionally higher to 5¢ higher. Kansas City Wheat futures were 7¢ to 9¢ higher. Soybean futures were 7¢ to 14¢ higher.

Cattle futures steadied Tuesday after initial pressure tied to new U.S. tariffs and worries about how trading partners will respond.

Dan Halstrom, president and CEO of the U.S. Meat Export Federation says, “We are reviewing the retaliatory measures announced by Canada and China and are watching for details on the response from Mexico.

He explains, “These three markets accounted for $8.4 billion in U.S. red meat exports last year, including nearly $4 billion to Mexico. While the United States is the primary supplier of pork and beef to Mexico, Halstrom says, U.S. red meat has already been facing heightened competition in this critical market.”

Last year U.S. beef exports equated to more than $415 per fed steer or heifer slaughtered and pork exports equated to more than $66 per head slaughtered. These exports, a large share of which are underutilized cuts and variety meat, help producers maximize the value of every animal produced and allow U.S. consumers to enjoy more of the cuts they prefer.   

Toward the close, Live Cattle futures were an average of $1.28 higher. Feeder Cattle futures were an average of 43¢ higher, except for an average of 23¢ lower at either end of the board.

Negotiated cash fed cattle trade was limited on light demand in Kansas through Tuesday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were some early live FOB trades t $195/cwt.

Elsewhere, trade was at a standstill.

Last week, FOB live prices were $197 in the Southern Plains and $198 in the North. Dressed delivered prices were $313.

Choice boxed beef cutout value was 92¢ higher Tuesday afternoon at $314.85/cwt. Select was $1.61 higher at $304.02.

Grain and Soybean futures were lower again Tuesday, but off session lows, in defense against U.S. tariffs on Mexico, Canada and China.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 4¢ lower. Kansas City Wheat futures were 9¢ to 12¢ lower. Soybean futures were 9¢ to 13¢ lower.

Cattle futures extended losses from the previous session on Monday, and for the same reasons: long-position liquidation by funds tied to growing uncertainty tied to looming U.S. tariffs and concerns about domestic economic growth.

Toward the close, Live Cattle futures were an average of 71¢ lower. Feeder Cattle futures were an average of 74¢lower.

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

Last week, FOB live prices were $2 lower in the Southern Plains at $197/cwt., $1-$2 lower in Nebraska at $198 and $1-$3 lower in the western Corn Belt at $198. Dressed delivered prices were $2 lower at $313.

The five-area direct weighted average FOB live steer price last week was $1.99 lower at $197.65. The weighted averaged dressed delivered steer price was $2.20 lower at $312.92.

Choice boxed beef cutout value was $2.10 higher Monday afternoon at $313.93/cwt. Select was 36¢ higher at $302.41.

Grain and Soybean futures continued to unwind Monday with the looming threat of U.S. tariffs.

Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 13¢ lower. Kansas City Wheat futures were 9¢ to 11¢ lower. Soybean futures were 12¢ to 15¢ lower.

Cattle futures closed lower Friday with the week’s lower cash fed cattle trade, sluggish wholesale beef prices, position squaring and wariness over the impact of U.S. tariffs set to begin this week.

Live Cattle futures were an average of $2.58 lower.

Feeder Cattle futures were an average of $2.45 lower.

Week to week on Friday, Live Cattle futures closed an average of 80¢ lower (10¢ to $1.55 lower), except for an average of 19¢ higher in the back three contracts. Feeder Cattle futures closed an average of 5.10 higher.

Negotiated cash fed cattle trade was moderate on light to moderate demand in the Southern Plains through Friday afternoon, according to the Agricultural Marketing Service. FOB live prices were $2 lower at $197/cwt.

Elsewhere, trade was light on light to moderate demand. Although too few to trend, there were some FOB live trades in Nebraska and the western Corn Belt at $198. The previous week, prices were $199-$200 in Nebraska and $199 to $201 in the western Corn Belt.

Dressed delivered prices were $2 lower in Nebraska at $313. The previous week, prices were $315 in the western Corn Belt.

Choice boxed beef cutout value was 65¢ higher Friday afternoon at $311.83/cwt. Select was 8¢ lower at $302.05.

Grain futures sank Friday with apparent risk-of fund selling tied to looming U.S. tariffs and more bearish economic growth expectations, in tandem with week-end and month-end position squaring.

Corn futures closed 9¢ to 11¢ lower through old-crop contracts and then mostly 4¢ to 6¢ lower. Week to week on Friday, they were an average of 28¢ lower in the front six contracts.

Kansas City Wheat futures closed 7¢ to 13¢ lower on Friday. Soybean futures closed 8¢ to 12¢ lower.

Cattle futures gained Thursday with support from lower feed futures and the likelihood of fewer Mexican cattle imports when new tariffs begin.

Toward the close, Live Cattle futures were an average of 67¢ higher. Feeder Cattle futures were an average of $2.06 higher.

Negotiated cash fed cattle trade ranged from a standstill in the Southern Plains to limited on very light demand in the North through Thursday afternoon with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $199/cwt. in the Southern Plains, $199-$200 in Nebraska and $199-$201 in the western Corn Belt. Dressed delivered prices were $315.

Choice boxed beef cutout value was $1.72 lower Thursday afternoon at $311.18/cwt. Select was $1.11 lower at $302.13.

Grain futures were lower again Thursday with likely liquidation prior to the first notice day on Friday, looming U.S. tariffs and initial domestic grain production estimates (see below).

Toward the close and through Sep ’25 contracts, Corn futures were 8¢ to 14¢ lower. Kansas City Wheat futures were 12¢ to 15¢ lower. Soybean futures were mostly 3¢ lower.

Cattle futures softened Wednesday with the lack of weekly cash direction in the fed cattle market.

Toward the close, Live Cattle futures were an average of 74¢ lower. Feeder Cattle futures were an average of 71¢ lower, except for 20¢ higher in spot Mar.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in Kansas to a standstill elsewhere through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $199/cwt. in the Southern Plains, $199-$200 in Nebraska and $199-$201 in the western Corn Belt. Dressed delivered prices were $315.

Choice boxed beef cutout value was $1.42 lower Wednesday afternoon at $312.90/cwt. Select was 89¢ lower at $303.24.

Grain and Soybean futures were softer again Wednesday with pressure including positive crop progress and planting in South America and USDA’s first planting projections, albeit unofficial, expected during this week’s Agricultural Outlook Forum.  

Toward the close and through Sep ’25 contracts, Corn futures unchanged to 3¢ lower. Kansas City Wheat futures were 6¢ to 7¢ lower. Soybean futures were 5¢ to 7¢ lower.

Cattle futures were higher Tuesday, helped along by stronger wholesale beef values, another day of lower Corn futures and follow-through support tied to the recent Cattle on Feed report.

Toward the close on Tuesday, Live Cattle futures were an average of 82¢ higher. Feeder Cattle futures were an average of $1.98 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday, according to the Agricultural Marketing Service.

Last week, FOB live prices were $199/cwt. in the Southern Plains, $199-$200 in Nebraska and $199-$201 in the western Corn Belt. Dressed delivered prices were $315.

Choice boxed beef cutout value was 59¢ higher Tuesday afternoon at $314.32/cwt. Select was 16¢ higher at $304.13.

Grain and Soybean futures eased lower again Tuesday with likely month-end position squaring and wariness about any initial acreage projections USDA shares during this week’s Agricultural Outlook Forum.  

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ lower. Kansas City Wheat futures were 2¢ to 3¢ lower. Soybean futures were 1¢ lower to 2¢ higher.

Cattle futures closed higher Monday, buoyed by the recent Cattle on Feed report and a sharp decline in Grain futures.

Toward the close on Monday, Live Cattle futures were an average of $1.31 higher. Feeder Cattle futures were an average of $4.10 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday, according to the Agricultural Marketing Service.

Last week, FOB live prices were $4 lower in the Southern Plains at $199/cwt., $3-$4 lower in Nebraska at $199-$200 and $2-$4 lower in the western Corn Belt at $199-$201. Dressed delivered prices were $5-$6 lower at $315.

The five-area direct weighted average FOB live steer price last week was $3.27 lower at $199.64/cwt. The weighted average dressed delivered steer price was $5.40 lower at $315.12.

Choice boxed beef cutout value was $2.96 higher Monday afternoon at $313.73/cwt. Select was $1.41 higher at $303.97.

Grain and Soybean futures were lower Monday with pressure including tariff concerns, early month-end position squaring and perhaps wariness about any initial acreage projections USDA shares during this week’s Agricultural Outlook Forum.  

Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 8¢ lower. Kansas City Wheat futures were 10¢ to 11¢ lower. Soybean futures were 8¢ to 10¢ lower.

Cattle futures firmed on Friday and closed higher week to week, despite the decline in cash fed cattle prices.

Live Cattle futures closed an average of 47¢ higher. Feeder Cattle futures closed an average of $1.09 higher.

Week to week on Friday, Live Cattle futures closed an average of 96¢ higher (7¢ to $1.57 higher), except for an average of 21¢ lower in two nearby contracts.  Feeder Cattle futures closed an average of 2.20 higher week to week.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in Kansas to light on light demand elsewhere through Friday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

For the week, FOB live prices were $4 lower in the Southern Plains at $199/cwt. and $3.00 to $3.50 lower in Nebraska at $199.50 to $200. Dressed delivered prices in Nebraska were $5-$6 lower at $315.

The previous week, FOB live prices were $203 in the western Corn Belt, where dressed delivered prices were $320-$321.

Choice boxed beef cutout value was $1.86 lower Friday afternoon at $310.77/cwt. Select was 62¢ lower at $302.56. Week to week, Choice was $3.93 lower and Select was $4.58 lower.

Estimated total cattle slaughter last week of 563,000 head was 2,000 head more than the previous week but 27,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 4.4 million head was 379,000 fewer (-8.0%) than the same period a year earlier. Estimated year-to-date beef production of 3.8 billion pounds was 144.6 million pounds less (-3.6%).

Grain and Soybean futures were mixed Friday.  

Corn futures closed 4¢ to 7¢ lower through Jly ’26 and then mostly 1¢ to 3¢ lower. Kansas City Wheat futures closed 1¢ to 3¢ higher. Soybean futures closed 4¢ to 6¢ lower through near Aug and then mostly 1¢ lower.

Cattle futures were lower Thursday with dimming cash fed cattle price  prospects, unwinding wholesale beef values, more bearish outside markets and perhaps positioning ahead of the monthly Cattle on Feed report due out Friday. Ahead of the report, analysts see January placement 3% higher year over year, January marketings about 2% higher and the on-feed inventory Feb. 1 at about 99%.

Toward the close, Live Cattle futures were an average of 65¢ lower, except for unchanged in spot Feb. Feeder Cattle futures were an average of $1.11 lower, except 20¢ higher in Nov.

Negotiated cash fed cattle trade ranged from a standstill in the Texas Panhandle to light on light demand elsewhere, through Thursday afternoon, according to the Agricultural Marketing Service. There were a few FOB live trades in Kansas at $199/cwt., and a few dressed delivered trades in Nebraska at $315, but too few transactions to trend in any region.

Last week, FOB live prices were $203/cwt. in all regions. Dressed delivered prices were $320-$321.

Choice boxed beef cutout value was $1.26 lower Thursday afternoon at $312.63/cwt. Select was 58¢ lower at $303.18.

Soybean futures led Corn futures higher Thursday amid chatter from the White House that a trade deal with China could get done.  

Toward the close and through Sep ’25 contracts, Soybean futures were 9¢ to 13¢ higher. Corn futures were unchanged to 6¢ higher. Kansas City Wheat futures were 5¢ to 6¢ lower.

Cattle futures basically paddled in place Wednesday, awaiting the week’s cash fed cattle direction.

Toward the close, Live Cattle futures were  an average of 49¢ higher. Feeder Cattle futures were an average of 25¢ lower.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $203/cwt. in all regions. Dressed delivered prices were $320-$321.

Choice boxed beef cutout value was $1.88 lower Wednesday afternoon at $313.89/cwt. Select was 5¢ higher at $303.76.

Grain and Soybean futures were softer Wednesday with likely profit taking and producer selling.

Toward the close and through Sep ’25 contracts, Corn futures were mixed from 4¢ lower to 3¢ higher. Kansas City Wheat futures were 10¢ to 12¢ lower. Soybean futures were 5¢ to 6¢ lower.

Live Cattle future firmed Tuesday while Feeder Cattle futures bounced higher.

Toward the close on Tuesday, Live Cattle futures were mixed, from unchanged to an average of 7¢ lower through the front four contracts to an average of 71¢ higher. Feeder Cattle futures were an average of $2.49 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $203/cwt. in all regions. Dressed delivered prices were $320-$321.

Choice boxed beef cutout value was 7¢ higher Tuesday afternoon at $315.77/cwt. Select was $2.52 lower at $303.71.

Grain and Soybean futures were higher Tuesday with likely short covering and recent demand improvement.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 7¢ higher. Kansas City Wheat futures were 7¢ to 8¢ higher. Soybean futures were 2¢ to 3¢ higher.  

There was no USDA report for Monday negotiated cash fed cattle trade at press time.

Last week, FOB live prices were $203/cwt., which was $3 lower in the Southern Plains, $5 lower in Nebraska and $2-$5 lower in the western Corn Belt.

Dressed delivered prices were $7-$8 lower in Nebraska at $320-$321. The previous week, dressed delivered prices were $328 in the western Corn Belt.

Choice boxed beef cutout value was $1.00 higher Monday afternoon at $315.70/cwt. Select was 91¢ lower at $306.23.

Futures and Equity markets were closed Monday in observance of President’s Day.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill in the Southern Plains through Friday afternoon, according to the Agricultural Marketing Service. In the North, trade ranged from slow on moderate demand in the western Corn Belt to moderate on moderate demand in Nebraska.

For the week, FOB live prices were $203/cwt., which was $3 lower in the Southern Plains, $5 lower in Nebraska and $2-$5 lower in the western Corn Belt.

Dressed delivered prices were $7-$8 lower in Nebraska at $320-$321. The previous week, dressed delivered prices were $328 in the western Corn Belt.

Choice boxed beef cutout value was $2.70 lower Friday afternoon at $314.70/cwt. Select was $2.70 lower at $307.14. Week to week on Friday, Choice was $7.17 lower and Select was $5.76 lower.

Cattle futures closed lower Friday as wholesale beef valued moved seasonally lower, cash fed cattle prices lost ground and funds likely exited more positions.

Live Cattle futures closed an average of $1.46 lower. Feeder Cattle futures closed an average of $1.24 lower.

Week to week on Friday, Live Cattle futures were an average of $1.92 lower through the front four contracts to an average of 47¢ higher. Feeder Cattle futures were an average of 1.72 higher.

Wheat led grain and Soybean futures higher Friday with likely short covering by funds.

Corn futures closed mostly 1¢ to 2¢ higher. Kansas City Wheat futures closed 20¢ to 23¢ higher through Mar ’26 and then 13¢ to 19¢ higher. Soybean futures closed 5¢ to 6¢ higher.  

Cattle futures closed lower Tuesday with pressure including less packer production, apparent non-commercial long liquidation and more pessimism around this week’s cash fed cattle price potential.

Toward the close, Live Cattle futures were an average of $1.29 lower. Feeder Cattle futures were an average of $2.68 lower.

Negotiated cash fed cattle trade was limited on light demand in the Southern Plains through Tuesday afternoon, according to the Agricultural Marketing Service. Although too few transactions to trend, there were some FOB live trades at $203/cwt. Elsewhere, trade was at a standstill.

Last week, FOB live prices were $206/cwt. in the Southern Plains $208 in Nebraska and $205-$208 in the western Corn Belt. Dressed delivered prices were $328.

Choice boxed beef cutout value was $1.04 lower Tuesday afternoon at $322.46/cwt. Select was $1.71 lower at $312.21.

Grain and Soybean futures were lower Tuesday with traders disappointed by the lack of news in the World Agricultural Supply and Demand Estimates.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 8¢ lower. Kansas City Wheat futures were 4¢ to 5¢ lower. Soybean futures were 2¢ to 5¢ lower.  

Cattle futures rose Monday, building on the previous session’s firmer tone, following last week’s rout.

Toward the close, Live Cattle futures were an average of 97¢ higher. Feeder Cattle futures closed an average of $2.45 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service. 

Last week, FOB live prices were $206/cwt. in the Southern Plains $208 in Nebraska and $205-$208 in the western Corn Belt. Dressed delivered prices were $328.

The weighted average five-area direct FOB live steer price last week was $2.52 lower at $207.05/cwt. The weighted average dressed delivered steer prices was $2.09 lower at $326.98.

Choice boxed beef cutout value was $1.63 higher Monday afternoon at $323.50/cwt. Select was $1.02 higher at $313.92.

Grain and Soybean futures were mixed Monday.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 5¢ higher with likely betting on bullish adjustments in the monthly World Agricultural Supply and Demand Estimates due out Tuesday.

However, Kansas City Wheat futures were 6¢ to 8¢ lower and Soybean futures were fractionally lower to 1¢ lower.

Cattle futures stabilized Friday, following a week of losses driven by opening of the Mexican border to feeder cattle, discovery of a new bird flu train in dairy cattle, packer-announced production cuts for the coming week and lower cash fed cattle prices.

Live Cattle futures closed an average of 38¢ higher, except for unchanged in near Apr.

Week to week on Friday, Live Cattle futures closed an average of $3.82 lower ($3.17 lower at the back to $5.52 lower toward the front).

Feeder Cattle futures closed an average of 43¢ higher, except for an average of 23¢ lower in the front three contracts.

Week to week on Friday, Feeder Cattle futures closed an average of $8.04 lower ($5.87 lower toward the back to $10.82 lower in spot Mar).

Negotiated cash fed cattle trade was mostly inactive on very light demand through Friday afternoon, according to the Agricultural Marketing Service.  

For the week, FOB live prices were $2 lower in the Southern Plains at $206/cwt., $2 lower in Nebraska at $208 and $2-$5 lower in the western Corn Belt at $205-$208. Dressed delivered prices were $2 lower at $328.

Choice boxed beef cutout value was $2.11 lower Friday afternoon at $321.87/cwt. Select was $1.87 lower at $312.90.

Week to week on Friday, Choice boxed beef cutout value was $5.81 lower and Select was $4.17 lower.

Estimated total cattle slaughter last week of 584,000 head was 16,000 head fewer than the previous week and 33,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 3.3 million head was 304,000 head fewer (-8.5%) than the same period last year. Year-to-date estimated total beef production of 2.8 billion pounds was 124.3 million pounds less (-4.2%).

Grain and Soybean futures closed lower Friday on likely profit taking and weekend position squaring.

Corn futures closed 5¢ to 7¢ lower through old-crop contracts and then mostly 2¢ to 3¢ lower. However, they closed an average of 6’4¢ higher week to week through the front six contracts.

Kansas City Wheat futures closed mostly 1¢ to 2¢ lower on Friday.

Soybean futures closed mostly 6¢ to 11¢ lower.

As logic suggested, Cattle futures lost ground Monday, between likely technical correction, the weekend announcement from APHIS that Mexican cattle imports to the U.S. will resume this week and tariffs levied on Canada, Mexico and China, though Mexican tariffs are now postponed for a month.

Live Cattle futures closed an average of $2.04 lower. Feeder Cattle futures closed an average of $4.84 lower.

Negotiated cash fed cattle trade was inactive on very light demand in all major cattle feeding regions through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service. 

Last week, FOB live prices were $6-$7 higher in the Southern Plains at $208/cwt. and steady to $2 lower in in the North at $210. Dressed delivered prices were steady to $2 higher at $330.

The weighted average five-area direct FOB live steer price was 38¢ higher at $209.57/cwt. The weighted average dressed delivered price was 45¢ lower at $329.07.

Choice boxed beef cutout value was $4.31 higher Monday afternoon at $331.99/cwt. Select was $2.77 higher at $319.84.

Grain and Soybean futures gained Monday when announcement came that new Mexican tariffs were postponed for a month and perhaps some betting on a deal getting done with China.

Corn futures closed 5¢ to 6¢ higher through Jly ‘26 and then mostly 2¢ to 3¢ higher.

Kansas City Wheat futures closed 5¢ to 6¢ higher.

Soybean futures closed 11¢ to 16¢ higher through Mar ‘26 and then 7¢ to 8¢ higher.

Cattle futures bounced back Friday, buoyed by the week’s stronger cash fed cattle prices and ahead of what turned out to be a generally neutral USDA Cattle report compared to expectations (see below).

Live Cattle futures were an average of 74¢ higher (12¢ higher at the front to $1.07 higher at the back). Week to week they were an average of 40¢ lower, except for an average of 3¢ higher in the back three contracts.

Feeder Cattle futures were an average of $2.40 higher. They were an average of 70¢ lower week to week.

Negotiated cash fed cattle trade ranged from a standstill in the Texas Panhandle to slow on moderate demand elsewhere through Friday afternoon, according to the Agricultural Marketing Service.  

For the week, FOB live prices were $6-$7 higher in the Southern Plains at $208/cwt. and steady to $2 lower in Nebraska at $210, where dressed delivered prices were steady to $2 higher at $330.

The previous week, FOB live prices were $210-$212 in the western Corn belt, where dressed delivered prices were $330.

Choice boxed beef cutout value was 20¢ higher Friday afternoon at $327.68/cwt. Select was $1.17 higher at $317.07. Week to week on Friday, Choice boxed beef cutout value was 24¢ lower but Select was 78¢ higher.

Estimated total cattle slaughter last week of 600,000 head was 1,000 head more than the previous week but 32,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 2.7 million head was 266,000 head fewer (-9%) than the same period last year. Year-to-date estimated beef production of 2.3 billion pounds was 116.4 million pounds less (-4.7%).

Turning to the grain complex, grain and Soybean futures closed lower Friday with week-end and month-end squaring and likely positioning ahead of the looming tariffs announced Saturday (see below).

Corn futures were 6¢ to 8¢ lower through old-crop contracts and then mostly 1¢ to 3¢ lower.

Kansas City Wheat futures were 8¢ to 9¢ lower through May ’26 and then 6¢ to 7¢ lower.  

Soybean futures were 2¢ to 4¢ lower.

Cattle futures continued to correct lower Thursday, as wholesale beef prices continued lower and despite hefty gains in Southern Plains fed cattle prices. Keep in mind, the much-anticipated USDA Cattle inventory report will be released Friday afternoon.

Toward the close, Live Cattle futures were an average of $2.04 lower. Feeder Cattle futures were an average of $2.46 lower, except for $1.35 higher in expiring Jan.

Negotiated cash fed cattle trade was moderate on very good demand in the Southern Plains through Thursday afternoon, with FOB live prices $6-$7 higher at $208/cwt., with a few up to $209 in Kansas.

Trade was slow on moderate demand in the North, according to the Agricultural Marketing Service. Although too few to trend, there were some dressed delivered trades in Nebraska at $330 and a few FOB live trades in the western Corn Belt at $210.

Last week, FOB live prices were $210-$212 in the North. Dressed delivered prices were $328-$330 in Nebraska and $330 in the western Corn Belt.

Choice boxed beef cutout value was $3.06 lower Thursday afternoon at $327.48/cwt. Select was $4.77 lower at $315.90.

Last week’s upward momentum in cash prices, and stubbornly strong Choice boxed beef prices, helped support gains in Cattle futures Tuesday.

Toward the close, Live Cattle futures were an average of $2.39 higher. Feeder Cattle futures were an average of $1.98 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $201-$202/cwt. in the Southern Plains and $210-$212 in Nebraska and the Western Corn Belt. Dressed delivered prices were $328-$330 in Nebraska and $330 in the western Corn Belt.

Choice boxed beef cutout value was $2.37 higher Tuesday afternoon at $332.45/cwt. Select was $1.41 higher at $321.96.

Grain and Soybean futures see-sawed back to positive Tuesday, as traders parse South American weather, the threat of Trump tariffs and all of the rest.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 4¢ higher. Kansas City Wheat futures were 7¢ to 8¢ higher. Soybean futures were mostly 3¢ higher.

Last week’s hefty cash prices helped Live Cattle futures mostly gain Monday.

Toward the close, Live Cattle futures were an average of 80¢ higher, except for an average of 9¢ lower in the back three contracts. Feeder Cattle futures were an average of 90¢ lower, except for 70¢ higher in waning spot Jan.  

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were steady to $1 higher in the Southern Plains at $201-$202/cwt., $7-$8 higher in Nebraska at $210-$212/cwt. and $6-$7 higher in the Western Corn Belt at $210-$212. Dressed delivered prices were $6-$8 higher in Nebraska at $328-$330 and $8-$10 higher in the western Corn Belt at $330.

The five-area direct weighted average FOB live steer price last week was $5.52 higher at $209.19/cwt. The weighted average dressed delivered steer price was $7.74 higher at $329.72.

Choice boxed beef cutout value was $2.16 higher Monday afternoon at $330.08/cwt. Select was $4.26 higher at $320.55.

Grain and Soybean futures eased lower Monday with pressure including growing concern about President Trump’s recent promise to increase tariffs Feb. 1.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 4¢ lower. Kansas City Wheat futures were 6¢ lower. Soybean futures were 6¢ to 10¢ lower.   

Negotiated cash fed cattle trade was active on very good demand in the North through Friday afternoon, according to the Agricultural Marketing Service. FOB live prices were $7 higher in Nebraska at $210-$212/cwt. and $6-$7 higher in the Western Corn Belt at $210-$212. Dressed delivered prices were $6-$8 higher In Nebraska at $328-$330 (a few up to $339) and $8-$10 higher in the western Corn Belt at $330 (a few up to $338).

Trade in the Southern Plains was mostly inactive on light demand with too few transactions to trend. For the week FOB live prices were steady in Kansas at $201. The previous week, FOB live prices were steady in the Texas Panhandle at $201.

Choice boxed beef cutout value was $3.04 lower Friday afternoon at $327.92/cwt. Select was 92¢ lower at $316.29. Week to week, Choice was $5.77 lower and Select was $3.54 lower.

Sharply higher cash fed cattle prices helped Cattle futures continue their upward trend on Friday.

Feeder Cattle futures were an average of $2.12 higher ($1.15 to $3.00 higher). Live Cattle futures were an average of $1.11 higher (10¢ higher to $3.67 higher in spot Feb).

Week to week on Friday, Live Cattle futures closed an average of $4.02 higher across a broad range and Feeder Cattle futures closed an average of $5.29 higher across a broad range.

Corn and Soybean futures retreated Friday on likely profit taking and Argentina’s reduction in export taxes for domestic producers.

Corn futures were mostly 2¢ to 3¢ lower through Jly ’26 and then 1¢ lower.

Soybean futures were 7¢ to 9¢ lower through near Aug and then mostly 3¢ lower.

Kansas City Wheat futures were 10¢-11¢ lower through May ’26.  

Cattle futures extended gains Thursday on bullish fundamentals and stronger outside markets.

Toward the close, Feeder Cattle futures were an average of 83¢ higher. Live Cattle futures were an average of 66¢ higher.

Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

So far this week, FOB live prices are steady in Kansas at $201/cwt.

Last week, FOB live prices were $201 in the Texas Panhandle, $203-$205 in Nebraska and $203-$206 in the western Corn Belt. Dressed delivered prices $322 in were Nebraska and $320-$322 in the western Corn Belt.

Choice boxed beef cutout value was $1.06 lower Thursday afternoon at $330.96/cwt. Select was 78¢ lower at $317.21.

Traders added some South American weather premium back into Corn and Soybean futures.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 5¢ higher. Kansas City Wheat futures were 4¢ lower. Soybean futures were 6¢ to 8¢ higher.

Cattle futures powered ahead Wednesday with little apparent explanation other than exuberant fund-buying and perhaps bullish positioning ahead of Friday’s monthly Cattle on Feed report.

Pre-report estimates peg the Jan. 1 feedlot inventory 0.2% lower year over year, December placements 1.8% higher and December marketings 1.3% higher.

Toward the close, Feeder Cattle futures were an average of $3.75 higher ($3.00 to $6.40 higher). Live Cattle futures were an average of $2.23 higher ($1.87 to $3.02 higher).

Negotiated cash fed cattle trade ranged from limited on moderate demand to mostly inactive on moderate demand through Wednesday afternoon, according to the Agricultural Marketing Service, with too few transactions to trend. Some early FOB live trade was noted in the Texas Panhandle at $202.

So far this week, FOB live prices are steady in Kansas at $201/cwt.

Last week, FOB live prices were $201 in the Texas Panhandle, $203-$205 in Nebraska and $203-$206 in the western Corn Belt. Dressed delivered prices $322 in Nebraska and $320-$322 in the western Corn Belt.

Choice boxed beef cutout value was 3¢ lower Wednesday afternoon at $332.02/cwt. Select was $1.56 lower at $317.99.

Grain and Soybean futures were lower Wednesday with likely profit taking.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 5¢ lower. Kansas City Wheat futures were 1¢ to 2¢ lower. Soybean futures were 3¢ to 10¢ lower.  

Feeder Cattle futures were pressured by stronger Corn futures, worries about cold-damaged winter wheat pasture in the Southern Plains and perhaps growing hesitancy related to the ultimate opening of the Mexican border to feeder cattle. Toward the close, they were down an average of $1.63 lower, except for 85¢ higher in spot Jan.

Live Cattle futures were narrowly mixed Tuesday, awaiting the week’s cash trade. They were an average of 35¢ higher, except for unchanged to an average of 6¢ lower in three contracts.

Negotiated cash fed cattle trade was light on light demand in Kansas through Tuesday afternoon, according to the Agricultural Marketing Service. FOB live prices were steady at $201/cwt.

Elsewhere, trade was mostly inactive on very light demand

Last week, FOB live prices were $201 in the Texas Panhandle, $203-$205 in Nebraska and $203-$206 in the western Corn Belt. Dressed delivered prices $322 in Nebraska and $320-$322 in the western Corn Belt.

Choice boxed beef cutout value was $1.11 lower Tuesday afternoon at $332.05/cwt. Select was 11¢ higher at $319.55.

Corn and Soybean futures were higher Tuesday, helped along by the drier South American weather outlook and more optimism regarding tariffs.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 6¢ higher.  Soybean futures were 24¢ to 33¢ higher.

Wheat futures gained on prospects of freeze damage in the Southern Plains. Toward the close and through Sep ’25 contracts, Kansas City Wheat futures were 25¢ to 26¢ higher.  

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $1 higher in the Texas Panhandle at $201/cwt., steady to $1 higher in Kansas at $201, unevenly steady in Nebraska at $203-$205 and $1-$3 higher in the western Corn Belt at $203-$206. Dressed delivered prices were $2 higher in Nebraska at $322 and steady to $2 higher in the western Corn Belt at $320-$322.

Choice boxed beef cutout value was 53¢ lower Monday afternoon at $333.16/cwt. Select was 39¢ lower at $319.44.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the Southern Plains to light to moderate on light to moderate demand in the North through Friday afternoon with too few transactions to trend, according to the Agricultural Marketing Service.

For the week, FOB live prices were $1 higher in the Texas Panhandle at $201/cwt., steady to $1 higher in Kansas at $201, unevenly steady in Nebraska at $203-$205 and $1-$3 higher in the western Corn Belt at $203-$206. Dressed delivered prices were $2 higher in Nebraska at $322 and steady to $2 higher in the western Corn Belt at $320-$322.

Choice boxed beef cutout value was 28¢ higher Friday afternoon at $333.69/cwt. Select was 45¢ higher at $319.83. Week to week, Choice was 85¢ higher and Select was $5.69 higher.

Estimated total cattle slaughter last week was 603,000 head, which was 14,000 head more than the previous week but 2,000 head fewer than the same week last year. Year-to-date total cattle slaughter of 1.5 million head was 219,000 head fewer (-12.9%) than the same period a year earlier. Estimated year-to-date beef production of 1.3 billion pounds was 138.2 million pounds less (-9.7%).

Cattle futures closed narrowly mixed Friday, perhaps with some positioning on the long weekend.

Feeder Cattle futures closed an average of 38¢ lower, except for an average of 19¢ higher in the front two contracts. Live Cattle futures closed from an average of 29¢ lower in six contracts to an average of 15¢ higher.

Week to week on Friday, Feeder Cattle futures closed an average of $2.34 lower, except for $1.15 higher in spot Jan. Live Cattle futures were an average of $1.56 lower

Corn and Soybean futures were mixed Friday.

Corn futures closed 8¢ to 10¢ higher through old-crop contracts on tighter stocks relative to demand, then mostly 2¢ to 3¢ higher. Week to week, they were an average of 12’4¢ higher through old-crop contracts; up an average of 33¢ over the past two weeks.

Kansas City Wheat futures closed mostly unchanged to fractionally lower on Friday. Soybean futures closed 10¢ to 15¢ higher through near Aug, and then 1¢ to 7¢ higher.

Cattle futures lost ground Thursday, with likely profit taking, technical resistance and perhaps reaction to chatter about when cattle imports from Mexico might resume.

Negotiated cash fed cattle trade was active on good demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service, with FOB live prices unevenly steady at $202-$205/cwt. and dressed delivered prices $2 higher at $322.

Trade was light to moderate on moderate to good demand in the western Corn Belt with FOB live prices steady to $3 higher at $203-$205. Dressed delivered prices last week were $320.

In the Southern Plains, trade was light on light demand with too few transactions to trend. For the week, dressed delivered prices are $1 higher in the Texas Panhandle at $201 and steady to $1 higher in Kansas at $201.

Choice boxed beef cutout value was 73¢ lower Thursday afternoon at $333.41/cwt. Select was $1.34 higher at $319.38.

Cattle futures lost ground Thursday, with likely profit taking, technical resistance and perhaps reaction to chatter about when cattle imports from Mexico might resume.

Toward the close, Feeder Cattle futures were an average of $1.95 lower. Live Cattle futures were an average of $1.36 lower.

Corn and Soybean futures were lower Thursday with likely producer selling and profit taking.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 6¢ lower. Kansas City Wheat futures were 9¢ lower. Soybean futures were 19¢ to 22¢ lower.   

Negotiated cash fed cattle trade was light on light demand in the Texas Panhandle through Wednesday afternoon with FOB live prices $1 higher at $201/cwt. in a light test, according to the Agricultural Marketing Service.

FOB live prices were steady to $1 higher in Kansas at $201 on moderate trade and demand.

Elsewhere, trade was mostly inactive on very light demand.

Last week, FOB live prices were $203 in Nebraska and $200-$205 in the western Corn Belt. Dressed delivered prices were $320.

Choice boxed beef cutout value was $1.16 higher Wednesday afternoon at $334.14/cwt. Select was 67¢ lower at $318.04.

Cattle futures gained Wednesday with help from more optimistic outside markets and the prospects of at least steady cash fed cattle trade.

Toward the close, Feeder Cattle futures were an average of $1.13 higher. Live Cattle futures were an average of $1.24 higher.

Corn and Soybean futures were mixed Wednesday.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 1¢ to 4¢ higher. Kansas City Wheat futures were 2¢ to 3¢ lower. Soybean futures were 4¢ to 8¢ lower.  

Cattle futures consolidated Tuesday awaiting this week’s cash fed cattle direction.

Toward the close, Feeder Cattle futures were an average of 52¢ higher across a broad range. Live Cattle futures were an average of 49¢ lower across a broad range.

Negotiated cash fed cattle trade mostly inactive on very light demand in all regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were 200/cwt. in the Texas Panhandle, $200-$201 in Kansas, $203 in Nebraska and $200-$203 in the western Corn Belt. Dressed delivered prices were $320.

Choice boxed beef cutout value was 37¢ lower Tuesday afternoon at $332.98/cwt. Select was $1.14 higher at $318.71.

Corn and Soybean futures softened Tuesday with likely profit taking in the wake of the recent surge higher.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 1¢ to 2¢ lower. Kansas City Wheat futures were mostly fractionally higher.

Soybean futures closed 4¢ to 7¢ lower, except for 3¢ higher in expiring Jan.

Cattle futures were lower Monday on likely profit taking and positioning following last week’s charge higher.

Toward the close, Feeder Cattle futures closed an average of $1.42 lower. Live Cattle futures closed an average of 96¢ lower.

Negotiated cash fed cattle trade mostly inactive on very light demand in all regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $3-$4 higher in the Texas Panhandle at 200/cwt., $4 higher in Kansas at $200-$201, $3 higher in Nebraska at $203 and steady to $5 higher in the western Corn Belt at $200-$203. Dressed delivered prices were $5 higher at $320.

Last week’s weighted average five-area direct FOB live steer price was $3.65 higher at $202.58/cwt. The weighted five-area average dressed delivered steer price was $5.29 higher at $320.25.

Choice boxed beef cutout value was 51¢ higher Monday afternoon at $333.35/cwt. Select was $3.43 higher at $317.57.

Corn and Soybean futures continued higher Monday with follow-through support from Friday’s monthly World Agricultural Supply and Demand Estimates, dragging Wheat along.  

Toward the close and through Sep ’25 contracts, Corn futures closed 5¢ to 7¢ higher. Kansas City Wheat futures were mostly 9¢ to 11¢ higher. Soybean futures closed 20¢ to 30¢ higher

Negotiated cash fed cattle trade was light on moderate demand in the Southern Plains and Nebraska through Friday afternoon, according to the Agricultural Marketing Service. Trade in the western Corn Belt was limited on light demand.

For the week, FOB live prices were $4 higher in the Southern Plains at 200-201/cwt., $3 higher in Nebraska at $203 and steady to $5 higher in the western Corn Belt at $200-$203. Dressed delivered prices were $5 higher at $320.

Choice boxed beef cutout value was $2.06 higher Friday afternoon at $332.84/cwt. Select was $5.79 higher at $314.14.

Week to week on Friday, Choice was $7.60 higher and Select was $17.42 higher.

Estimated beef production so far this year illustrates the slower year-over-year production pace, down 161.7 million pounds (-17.6%) compared to the same time last year. Year-to-date estimated total cattle slaughter of 870,000 head was 217,000 head fewer (-20%).

Cattle futures continued higher Friday, buoyed by higher cash fed cattle prices and stronger wholesale beef values.

Feeder Cattle futures closed an average of $1.26 higher (75¢ higher at the back to $3.12 higher at the front). Week to week, they were an average of $6.07 higher ($5.22 to $7.52 higher). 

Live Cattle futures closed an average of 86¢ higher Friday (27¢ to $1.37 higher). Week to week, they were an average of $3.39 higher ($2.37 higher at the back to $4.27 higher in spot Feb).

Turning to the grain complex, Corn and Soybean futures bounced higher with help from cuts to yield and. Ending stocks in the monthly World Agricultural Supply and Demand Estimates.

Corn futures closed 14¢ to 15¢ higher in old-crop contracts and then mostly 1¢ to 3¢ higher. Week to week, they were an average of 20’6¢ higher through old-crop contracts.

Soybean futures closed 16¢ to 26¢ higher through Jan ’26 and then 8¢ to 13¢ higher.

Kansas City Wheat futures closed mostly 2¢ to 5¢ higher.

Cattle futures took a step higher Thursday, helped along by the prospects of higher cash fed cattle prices and stronger wholesale beef values.

Before settlement, Feeder Cattle futures were an average of $3.26 higher. Live Cattle futures were an average of $1.96 higher.

Negotiated cash fed cattle trade ranged from limited on light demand in the western Corn Belt to a standstill through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

However, there were reports of $200 live cash prices in the Southern Plains and more up North.

Last week, FOB live prices were $196-$197/cwt. in the Southern Plains and $200 in Nebraska and the western Corn. Dressed delivered prices were $315.

Choice boxed beef cutout value was $2.17 higher Thursday afternoon at $330.78/cwt. Select was $1.46 higher at $308.35.

Grain and Soybean futures were mixed Thursday between South American weather and positioning ahead of the monthly World Agricultural Supply and Demand Estimates and Grain Stocks report due out Friday.

Before settlement, Corn futures were 1¢ to 2¢ higher. Kansas City Wheat futures were 2¢ lower. Soybean futures were mostly 1¢ to 3¢ higher.

Cattle futures closed lower Wednesday on likely profit taking and the absence of weekly cash fed cattle direction.

Toward the close, Feeder Cattle futures were an average of $2.38 lower. Live Cattle futures were an average of $1.67 lower.

 Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $196-$197/cwt. in the Southern Plains and $200 in Nebraska and the western Corn. Dressed delivered prices were $315.

Choice boxed beef cutout value was $2.82 higher Wednesday afternoon at $328.61/cwt. Select was $1.46 higher at $306.89.

Grain and Soybean futures were lower Wednesday with pressure from the higher U.S. dollar and perhaps some positioning ahead of the monthly World Agricultural Supply and Demand Estimates and Grain Stocks report due out this Friday.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 4¢ lower. Kansas City Wheat futures were 5¢ to 6¢ lower. Soybean futures were mostly 1¢ to 3¢ lower.

Strong fundamentals and increasing open interest helped lift Cattle futures Tuesday.

Toward the close, Feeder Cattle futures were an average of $1.95 higher. Live Cattle futures were an average of 74¢ higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $196-$197/cwt. in the Southern Plains and $200 in Nebraska and the western Corn. Dressed delivered prices were $315.

Choice boxed beef cutout value was $1.31 lower Tuesday afternoon at $325.79/cwt. Select was $2.10 higher at $305.43.

Grain and Soybean futures closed mixed Tuesday with traders keeping in mind the monthly World Agricultural Supply and Demand Estimates and Grain Stocks report due out this Friday.

Toward the close and through Sep ’25 contracts, Corn futures were mainly unchanged. Kansas City Wheat futures were 2¢ to 3¢ higher. Soybean futures were mostly fractionally lower to 2¢ lower.

Cattle futures closed higher Monday on bullish fundamentals, following the previous session’s profit taking.

Toward the close, Feeder Cattle futures were an average of $1.82 higher. Live Cattle futures were an average of $1.48 higher.

Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service. 

Last week, FOB live prices were $4 higher in the Southern Plains at $197/cwt., $3-$4 higher in Nebraska at $200 and $3-$5 higher in the western Corn Belt at $200. Dressed delivered prices were $8 higher at $315.

Last week’s five-area direct weighted average FOB live steer price was $4.12 higher at $198.93. The weighted averaged dressed delivered steer price was $7.91 higher at $314.96.

Choice boxed beef cutout value was $1.86 higher Monday afternoon at $327.10/cwt. Select was $6.61 higher at $303.33.

Grain and Soybean futures were higher Monday, buoyed by South American weather expectations.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 6¢ higher. Kansas City Wheat futures were 13¢ to 14¢ higher. Soybean futures were 1¢ to 8¢ higher.

Negotiated cash fed cattle trade was active to moderate on very good demand in the North through Friday afternoon, according to the Agricultural Marketing Service. Trade in the Southern Plains was light on good demand.

For the week, FOB live prices were $4-$5 higher in the Southern Plains at mainly $197/cwt., $3-$4 higher in Nebraska at $200 and $3-$5 higher in the western Corn Belt at $200. Dressed delivered prices were $8 higher at $315.

Choice boxed beef cutout value was $1.76 higher Friday afternoon at $325.24/cwt. Select was $2.49 higher at $296.72.

Based on the last full week of December, estimated total cattle slaughter in 2024 was about 1.2 million head less (-3.7%) year over year, while estimated beef production was 169.1 million pounds less (-0.6%).

Cattle futures closed lower Friday with likely profit taking.

Feeder Cattle futures closed an average of $2.32 lower.  Live Cattle futures closed an average of $1.02 lower, except for 45¢ higher in spot Feb.

Week to week on Friday, Feeder Cattle futures closed an average of $2.32 higher (32¢ to $3.62 higher) except for 70¢ lower in the back contract. Live Cattle futures closed an average of $2.57 higher through the front three contracts and then an average of 37¢ higher.

Grain and Soybean futures closed lower Friday.

Corn futures closed 7¢ to 9¢ lower through old-crop contracts and then mostly 5¢ lower with some likely producer selling.  

Kansas City Wheat futures closed 12¢ to 13¢ lower through Jly ’26, pressured by poor exports and positive domestic production conditions. Net U.S. weekly export sales for the week ending Dec. 26 were down 77% from the previous week — a marketing year lower — and 68% less than the prior four-week period.

Soybean futures closed mostly 16¢ to 21¢ lower, also pressured by anemic export sales — down 51% from the prior week and down 67% from the previous four-week average.

Cattle futures rose Thursday, led by cash.

Toward the close, Feeder Cattle futures were an average of $2.41 higher. Live Cattle futures were an average of $1.35 higher, except for $1.22 lower in newly minted away Jun. 

Negotiated cash fed cattle trade was light to moderate on good demand in Kansas through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $3-$4 higher at $196/cwt.

Elsewhere, trade was limited on good demand with too few transactions to trend.

FOB live prices last week were $192-$193/cwt. in the Texas Panhandle, $196-$197 in Nebraska and $195-$197 in the western Corn Belt. Dressed delivered prices were $307.

Choice boxed beef cutout value was 24¢ lower Thursday afternoon at $323.48/cwt. Select was 29¢ lower at $294.23.

Grain and Soybean futures were mixed on Thursday.

Toward the close and through Sep ’25 contracts, Soybean futures were 1¢ to 3¢ higher. Corn futures were 1¢ to 3¢ higher. Kansas City Wheat futures were 6¢ to 8¢ lower.

Cattle futures gained Tuesday, helped along by expectations of steady to higher cash fed cattle prices this week.

Feeder Cattle futures were an average of $1.78 higher. Live Cattle futures were an average of 72¢ higher, except for 22¢ lower in expiring Dec. 

Negotiated cash fed cattle trade was mostly inactive on very light demand in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

FOB live prices last week were $192-$193/cwt. in the Southern Plains, $196-$197 in Nebraska and $195-$197 in the western Corn Belt. Dressed delivered prices were $307.

Choice boxed beef cutout value was $1.15 lower Tuesday afternoon at $324.22/cwt. Select was 24¢ lower at $294.52.

Grain and Soybean futures closed higher Tuesday with traders apparently adding South American weather risk premium as they squared year-end positions.

Soybean futures closed 14¢ to 19¢ higher. Corn futures were mostly 4¢ higher. Kansas City Wheat futures were mostly 2¢ higher.

Negotiated cash fed cattle trade was mostly inactive on very light demand in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

FOB live prices last week were $1-$2 higher at $192-$193/cwt. in the Southern Plains, $196-$197 in Nebraska and $195-$197 in the western Corn Belt. Dressed delivered prices were $2 higher at $307.

Choice boxed beef cutout value was $2.99 higher Monday afternoon at $325.37/cwt., supported by slower packer production. Select was $3.63 higher at $294.76.

Cattle futures mostly edged higher Monday.

Toward the close, Feeder Cattle futures were an average of 37¢ higher, except for an average of 28¢ lower in the back two contracts. Live Cattle futures were an average of 25¢ higher, except for an average of 28¢ lower in two contracts. 

Grain and Soybean futures were mixed on Monday.

Toward the close and through Sep ’25 contracts, Soybean futures were 2¢ to 4¢ higher. Corn futures were 1¢ lower. Kansas City Wheat futures were 1¢ higher.

Cattle futures extended gains Friday, supported by another day of stronger wholesale beef values and higher cash fed cattle prices.

Feeder Cattle futures were an average of 97¢ higher. Live Cattle futures were an average of 69¢ higher. Week to week on Friday, Feeder Cattle futures closed an average of $4.23 higher. Live Cattle futures closed an average of $2.96 higher ($2.12 to $3.97 higher).

Negotiated cash fed cattle trade ranged from light to moderate on moderate demand in the Southern Plains to light on light demand in the North through Friday afternoon, according to the Agricultural Marketing Service.

FOB live prices were $1-$2 higher in the Southern Plains at $192-$193/cwt.

There were some early live FOB trades in the western Corn Belt at $196 and a few dressed delivered trades in Nebraska at $307, but too few to trend.

The previous week, FOB live prices were $195-$195.50 in Nebraska and $195-$196 in the western Corn Belt. Dressed delivered prices were $305.

Choice boxed beef cutout value was $1.99 higher Friday afternoon at $322.38/cwt. Select was $2.36 higher at $291.13. Week to week on Friday, Choice was $6.53 higher and Select was $5.22 higher.

Estimated total cattle slaughter last week of 434,000 head was 67,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 31 million head was 1.2 million head less (-3.7%) than the same time a year earlier. Year-to-date estimated beef production of 26.4 billion pounds was 169.1 million pounds less (-0.6%).

Grain and Soybean futures were mixed Friday.

Corn futures closed mixed, from fractionally higher to 1¢ higher in old-crop contracts and then fractionally lower to 1¢ lower. They were an average of 6’3¢ higher through the front six contracts week to week, supported by demand. Net weekly U.S. export sales of corn were 46% more than the previous week and 39% more than the prior four-week average.

Kansas City Wheat futures were 3¢ higher helped along by stronger recent demand. Net weekly U.S. export sales were 34% more than the previous week and 64% more than the prior four-week average.

Soybean futures closed mostly 4¢ to 8¢ lower, giving back some of the previous session’s South American weather premium and pressured by a reminder of lagging demand. Weekly net U.S. export sales were 31% less than the previous week — a marketing year low — and 47% less than the prior four-week average.

Cattle futures were sharply higher Thursday, buoyed by stronger wholesale beef values and the prospects of steady to higher cash fed cattle trade again this week.

Toward the close, Feeder Cattle futures were an average of $3.79 higher. Live Cattle futures were an average of $2.47 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Southern Plains to a standstill in North through Thursday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191/cwt., in the Southern Plains on a light test, $195-$195.50 in Nebraska and $195-$196 in the western Corn Belt. Dressed delivered prices were $305.

Choice boxed beef cutout value was $4.41 higher Thursday afternoon at $320.39/cwt. Select was $2.02 higher at $288.77.

Grain and Soybean futures bounced higher Thursday, perhaps with short covering and perceived value buying.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 6¢ higher. Kansas City Wheat futures were 8¢ higher. Soybean futures were 12¢ to 16¢ higher.  

Cattle futures closed narrowly mixed Monday with traders appearing to view Friday’s Cattle on Feed report as neutral.

Toward the close, Feeder Cattle futures were an average of 31¢ higher. Live Cattle futures were narrowly mixed, from an average of 42¢ lower to an average of 11¢ higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191/cwt., in the Southern Plains on a light test, $195-$195.50 in Nebraska and $195-$196 in the western Corn Belt. Dressed delivered prices were $305.

The weekly weighted average five-area direct FOB live steer price was 42¢ higher at $194.73. The weighted averaged dressed delivered steer price was $2.20 higher at 305.64.

Choice boxed beef cutout value was 13¢ higher Monday afternoon at $315.98/cwt. Select was 84¢ higher at $286.75.

The grain complex was mixed Monday.

Toward the close and through Sep ’25 contracts, Soybean futures were mostly 3¢ to 5¢ lower. Corn futures were unchanged to 2¢ higher. Kansas City Wheat futures were 6¢ higher.

Cattle futures closed higher Friday, helped along by rebounding outside markets and steady to higher cash fed cattle prices.  .

Feeder Cattle futures were an average of $1.26 higher. Live Cattle futures were an average of $1.14 higher (62¢ higher at the back to $1.85 higher toward the front).   

Week to week on Friday, Live Cattle futures closed an average of $2.00 lower ($1.00 to $3.62 lower). Feeder Cattle futures closed an average of $1.63 lower.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Southern Plains to slow on light to moderate demand elsewhere, according to the Agricultural Marketing Service.

For the week, FOB live prices were steady in Kansas at $191/cwt., unevenly steady in Nebraska at $195-$195.50 and steady to $2 higher in the western Corn Belt at $195-$196. Dressed delivered prices were $305, which was steady to $5 higher in Nebraska and steady to $3 higher in the western Corn Belt. FOB live prices in the Texas Panhandle the previous week were $191-$192 in a light test.

Choice boxed beef cutout value was $4.84 lower Friday afternoon at $315.85/cwt. Select was $1.80 higher at $285.91.

Estimated total cattle slaughter last week of 617,000 head was 8,000 head more than the previous week but 4,000 head less than the same week last year. Year-to-date estimated total cattle slaughter of 30.6 million head was 1.1 million head less (-3.6%) year over year. Estimated year-to-date beef production of 26 billion pounds was 121.3 million pounds less (-0.5%).

Soybean futures were 10¢ to 13¢ higher through Aug ’26 and then mostly 7¢ to 8¢ higher, supported by short covering. Corn futures closed mostly 3¢ to 5¢ higher. Kansas City Wheat futures closed mostly fractionally higher to 1¢ higher.

Cattle futures moved lower Thursday with the lack of weekly cash fed cattle trade direction and perhaps wariness over Friday’s Cattle on Feed report.

Toward the close, Feeder Cattle futures were an average of $2.97 lower. Live Cattle futures were an average of $1.81 lower.       

Negotiated cash fed cattle trade ranged from a standstill in the Texas Panhandle to light on light demand elsewhere through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191-$192/cwt. in the Texas Panhandle, $191 in Kansas, $195 in Nebraska and $193-$196 in the western Corn Belt. Dressed delivered prices were $300-$305.

Choice boxed beef cutout value was $5.85 higher Thursday afternoon at $320.69/cwt. Select was $1.44 lower at $284.11.

Grain and Soybean futures closed mixed Thursday, with a bounce in Soybeans after recent aggressive selling.

Toward the close and through Sep ’25 contracts, Soybean futures were 11¢ to 13¢ higher. Corn futures were 2¢ to 3¢ higher. Kansas City Wheat futures were 5¢ to 6¢ lower.

Cattle futures were lower Wednesday as wholesale beef values weakened, outside markets turned negative, and perhaps with some early positioning ahead of Friday’s Cattle on Feed report.

Toward the close, Feeder Cattle futures were an average of 72¢ lower. Live Cattle futures were an average of 79¢ lower.

Negotiated cash fed cattle trade ranged from light on light demand in Nebraska to inactive on very light demand elsewhere through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191-$192/cwt. in the Texas Panhandle, $191 in Kansas, $195 in Nebraska and $193-$196 in the western Corn Belt. Dressed delivered prices were $300-$305.

Choice boxed beef cutout value was 79¢ lower Wednesday afternoon at $314.84/cwt. Select was $2.95 lower at $285.55.

Grain and Soybean were lower again on Wednesday, once again led by Soybeans.

Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 6¢ lower. Kansas City Wheat futures were 3¢ to 4¢ lower. Soybean futures were 24¢ to 26¢ lower.

Cattle futures firmed but closed mixed on Tuesday.

Toward the close, Feeder Cattle futures were an average of $1.80 higher. Live Cattle futures were narrowly mixed from an average of 21¢ lower, to an average of 19¢ higher.

Given the temporary suspension of Mexican cattle imports, and the timing late last month, it will be interesting to see how traders position ahead of Friday’s Cattle on Feed report. Depending on the source, analyst estimates ahead of the report see November placements about 4% less year over year and marketings down about 2%, leaving cattle on feed Dec. 1 about even.

Negotiated cash fed cattle trade was inactive on very light demand in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191-$192/cwt. in the Texas Panhandle, $191 in Kansas, $195 in Nebraska and $193-$196 in the western Corn Belt. Dressed delivered prices were $300-$305.

Choice boxed beef cutout value was $1.74 lower Tuesday afternoon at $315.63/cwt. Select was $1.07 lower at $288.50.

Grain and Soybean futures softened Tuesday.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ lower. Kansas City Wheat futures were 6¢ to 7¢ lower. Soybean futures were 6¢ to 8¢ lower.

Negotiated cash fed cattle trade was inactive on very light demand in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last, FOB live prices were $1 higher in the Texas Panhandle at $191-$192/cwt, steady in Kansas at $191, $4-$6 higher in Nebraska at $196 and $3-$4 higher in the western Corn Belt at $193-$196. Dressed delivered prices were $3-$8 higher in Nebraska at $300-$305 and $5-$8 higher in the western Corn Belt at $302-$305.

The weighted average five-area direct FOB live fed steer price last week was $3.41 higher at $194.31/cwt. The weighted averaged dressed delivered fed steer price was $6.23 higher at $297.21.

Choice boxed beef cutout value was 98¢ higher Monday afternoon at $317.37/cwt. Select was $5.71 higher at $289.57.

Cattle futures closed lower Monday with likely profit taking.

Toward the close, Feeder Cattle futures were an average of $1.37 lower. Live Cattle futures closed mixed, from an average of 75¢ lower across a broad range with most of the pressure in the front three contracts.    

Grain and Soybean futures were mixed Monday.

Toward the close and through Sep ’25 contracts,

Corn futures were 1¢ to 3¢ higher. Kansas City Wheat futures were fractionally lower to 1¢ higher. Soybean futures were 5¢ to 8¢ lower

Negotiated cash fed cattle trade ranged from limited on light demand to inactive on very light demand through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $1 higher in the Texas Panhandle at $191-$192/cwt, steady in Kansas at $191 and $4-$5 higher in Nebraska and the western Corn Belt at $195-$196/cwt. Dressed delivered prices were $8 higher in Nebraska at $305 on a light test and $5 higher in the western Corn Belt at $302.

Choice boxed beef cutout value was $1.15 higher Friday afternoon at $316.39/cwt. Select was $3.38 higher at $283.86. Week to week on Friday, Choice was $4.35 higher and Select was $7.13 higher.

Estimated total cattle slaughter last week of 609,000 head was 5,000 head fewer than the previous week and 38,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 30 million head was 1.1 million head less (-3.7%). Year-to-date estimated beef production of 25.5 billion pounds was 131.5 million pounds less (-0.5%).

Cattle futures closed mixed Friday, with Live Cattle supported by higher cash fed cattle prices and stronger wholesale beef values.

Feeder Cattle futures were an average of 66¢ lower. Live Cattle futures closed mixed, from an average of 93¢ higher in the front four contracts (22¢ to $1.52 higher) to an average of 21¢ lower.

Week to week on Friday, Live Cattle futures closed an average of $3.09 higher ($1.25 higher at the back to $6.27 higher in spot Dec). During the same period, Feeder Cattle futures closed an average of $2.17 higher (from 55¢ higher at the back to $3.00 higher toward the front).    

Grain and Soybean futures closed lower Friday with likely profit taking and farmer selling.

Corn futures closed mostly 1¢ to 2¢ lower. Kansas City Wheat futures closed mostly 4¢ to 5¢ lower. Soybean futures closed 5¢ to 8¢ lower.

Negotiated cash fed cattle prices climbed higher in the North Thursday where trade was slow with moderate to good demand through the afternoon, according to the Agricultural Marketing Service.

Compared to last week, FOB live prices were $4-$5 higher in Nebraska and the western Corn Belt at $195-$196/cwt. For the week, dressed delivered prices are $8 higher in Nebraska at $305 on a light test and $5 higher in the western Corn Belt at $302.

Trade in the Southern Plains through Thursday afternoon was mostly inactive on light demand. FOB live prices in Kansas earlier in the week were steady at $191. FOB live prices in the Texas Panhandle the previous week were $190-$191.

Choice boxed beef cutout value was $4.01 higher Thursday afternoon at $315.24/cwt. Select was $2.37 higher at $280.48.

Cattle futures softened Thursday, with some likely profit taking and despite higher cash fed cattle prices and stronger wholesale beef values.

Toward the close, Feeder Cattle futures were an average of $1.06 lower. Live Cattle futures were an average of 81¢ lower, except for unchanged in the spot contract.  

Grain and Soybean futures softened Thursday.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 5¢ lower with likely profit taking and farmer selling. Kansas City Wheat futures were 4¢ lower. Soybean futures were mostly fractionally mixed.

Cattle futures continued higher Wednesday amid strong fundamentals and prospects for higher cash fed cattle trade this week.

Toward the close, Feeder Cattle futures were an average of $1.63 higher. Live Cattle futures were an average of $1.60 higher.  

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Southern Plains to limited on light demand in the North through Wednesday afternoon, according to the Agricultural Marketing Service. There were some early FOB live prices at $193/cwt. in Nebraska and the western Corn Belt but too few to trend.

Established trade so far this week is steady at $191 FOB live in Kansas.

Last week, FOB live prices were $190-$191 in the Texas Panhandle and $190-$192 in the North. Dressed delivered prices were $297.

Choice boxed beef cutout value was 31¢ lower Wednesday afternoon at $311.23/cwt. Select was $1.54 lower at $278.11.

Grain and Soybean futures firmed Wednesday, with follow-through support from the World Agricultural Supply and Demand Estimates, offset by chart resistance in Corn.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ lower to 1¢ higher. Kansas City Wheat futures were mostly fractionally higher. Soybean futures were mostly 3¢ higher.

Cattle futures were strongly higher Tuesday, helped along by early indications of steady to higher cash prices.

Toward the close, Feeder Cattle futures were an average of $1.77 higher. Live Cattle futures were an average of $1.48 higher.      

Negotiated cash fed cattle trade was slow on light demand in Kansas through Tuesday afternoon, according to the Agricultural Marketing Service. FOB live prices were steady at $191/cwt.

Elsewhere, trade ranged from mostly inactive to a standstill.

Last week, FOB live prices were $190-$191 in the Texas Panhandle and $190-$192 in the North. Dressed delivered prices were $297.

Choice boxed beef cutout value was $2.41 lower Tuesday afternoon at $311.73/cwt. Select was 31¢ higher at $279.65.

Grain and Soybean futures were higher Tuesday, benefiting from the friendly World Agricultural Supply and Demand Estimates (see below).

Toward the close and through Sep ’25 contracts,

Corn futures were mostly 6¢ to 7¢ higher. Kansas City Wheat futures were mostly 6¢ higher. Soybean futures were 4¢ to 5¢ higher.

Cattle futures were mostly higher Friday, supported by last week’s higher cash fed cattle trade and stronger wholesale beef values.

Toward the close, Feeder Cattle futures were an average of 45¢ higher, except for an average of 12¢ lower at either end of the board. Live Cattle futures were an average of 44¢ higher.

There was no Monday afternoon USDA fed cattle sale summary available at press time.

Last week, FOB live prices were $191/cwt. in the Southern Plains, $191-$192 in Nebraska and $190 in the western Corn Belt.

Dressed delivered prices in the western Corn Belt were $297. Prices in Nebraska the previous week were $295.

The five-area direct weighted average FOB live steer prices last week was 93¢ higher at $190.90. The weighted average dressed delivered steer price was 57¢ higher at $297.21.

Choice boxed beef cutout value was $2.10 higher Monday afternoon at $314.14/cwt. Select was $2.61 higher at $279.34.

Grain and Soybean futures closed mixed Monday.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 1¢ to 2¢ higher. Kansas City Wheat futures were 4¢ to 5¢ higher. Soybean futures were 1¢ to 4¢ lower.

Cattle futures closed mainly higher Friday, boosted by higher cash fed cattle prices and despite USDA announcing a National Milk Testing Strategy aimed at surveillance of the nation’s milk supply and dairy herds for highly pathogenic avian influenza (HPAI) H5N1.

Feeder Cattle futures closed an average of $1.04 higher. Live Cattle futures closed an average of 39¢ higher, except for an average of 20¢ lower in two contracts.

Week to week on Friday, Live Cattle futures closed an average of $1.84 lower (60¢ to $2.60 lower). Feeder Cattle futures closed an average of $3.15 lower during the same period.

Negotiated cash fed cattle trade ranged from light on light demand in the Texas Panhandle to slow on light demand in other regions through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $1-$3 higher on a light test in the Texas Panhandle at $191/cwt., $1 higher in Kansas at $191, steady to $1 higher in Nebraska at $191-$192 and steady in the western Corn belt at $190.

Dressed delivered prices in the western Corn Belt were $297, which was from $3 higher to $8 lower. Prices in Nebraska the previous week were $295.

Choice boxed beef cutout value was $4.20 higher Friday afternoon at $312.04/cwt. Select was 37¢ lower at $276.73.

Estimated total cattle slaughter last week of 614,000 head was 24,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 29.4 million head was 1.1 million head fewer (-3.6%). Estimated year-to-date beef production of 24.9 billion pounds was 108.3 million pounds less (-0.4%).

Grain and Soybean futures closed mixed Friday.

Corn futures closed mostly 2¢ to 4¢ higher, supported by weekly export sales and perhaps some betting on favorable adjustments in next week’s monthly World Agricultural Supply and Demand Estimates.

Kansas City Wheat futures closed 1¢ higher through Dec ’25 and then mostly fractionally lower. Soybean futures closed mostly 1¢ to 2¢ lower.

Cattle futures weakened further Thursday sans weekly cash fed cattle direction and sluggish Choice wholesale beef values.

Toward the close, Feeder Cattle futures were an average of $1.88 lower. Live Cattle futures were an average of $1.66 lower.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the Southern Plains to slow on light demand in the North through Thursday afternoon with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $190/cwt. in the Southern Plains, $190-$192 in Nebraska and $185-$190 in the western Corn Belt. Dressed delivered prices were $290 in Nebraska and $294-$305 in the western Corn Belt.

Choice boxed beef cutout value was 49¢ lower Thursday afternoon at $307.84/cwt. Select was 60¢ lower at $277.10.

Grain and Soybean futures closed higher Thursday.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 3¢ to 5¢ higher, supported by weekly export sales that were 63% more than the previous week and 4% more than the prior-four-week average. Kansas City Wheat futures were 10¢ to 11¢ higher. Soybean futures were 7¢ to 10¢ higher.

Cattle futures tracked lower Wednesday as traders await the week’s cash fed cattle direction and Choice wholesale beef values struggle.

Toward the close, Feeder Cattle futures were an average of $1.46 lower.

Live Cattle futures were an average of 91¢ lower.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the North to a standstill in the Southern Plains through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $190/cwt. in the Southern Plains, $190-$192 in Nebraska and $185-$190 in the western Corn Belt. Dressed delivered prices were $290 in Nebraska and $294-$305 in the western Corn Belt.

Choice boxed beef cutout value was $2.50 lower Wednesday afternoon at $308.33/cwt. Select was $2.37 higher at $277.70.

Grain and Soybean futures continued mixed again Wednesday with overall pressure including the strength of the U.S. dollar and uncertainty related to the coming shift in presidential administrations

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ lower. Kansas City Wheat futures were fractionally higher to 3¢ higher. Soybean futures were 6¢ to 7¢ lower.

Cattle futures found some footing Tuesday, led by Feeder Cattle as the CME Feeder Cattle Index continued to rise — up about $5 in the last two days.

Toward the close, Feeder Cattle futures were an average of $1.48 higher. Live Cattle futures were an average of 73¢ higher.

Negotiated cash fed cattle trade was at a standstill in all regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $190/cwt. in the Southern Plains, $190-$192 in Nebraska and $185-$190 in the western Corn Belt. Dressed delivered prices were $290 in Nebraska and $294-$305 in the western Corn Belt.

Choice boxed beef cutout value was $3.68 lower Wednesday afternoon at $309.33/cwt. Select was $1.67 lower at $275.33.

Grain and Soybean futures closed mixed again Tuesday.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally lower to 1¢ lower. Kansas City Wheat futures were 1¢ to 2¢ higher. Soybean futures were 2¢ to 6¢ higher.

Cattle futures softened Monday, led by Feeder Cattle, perhaps pressured by profit taking.

Toward the close, Feeder Cattle futures were an average of $2.31 lower. Live Cattle futures were an average of 40¢ lower, except for an average of 20¢ higher in the back two contracts.

Negotiated cash fed cattle trade was at a standstill in all regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $2-$3 higher in the Texas Panhandle at $190/cwt., $3-$4 higher in Kansas at $190, $3-$4 higher in Nebraska at $190-$192 and $2-$5 higher in the western Corn Belt at $185-$190. Dressed delivered prices were $5 higher in Nebraska at $290 and $4-$5 higher in the western Corn Belt at $294-$305.

Choice boxed beef cutout value was $2.49 higher Monday afternoon at $313.01/cwt. Select was $2.70 higher at $277.00.

Grain and Soybean futures closed mixed Monday.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally lower to 2¢ higher. Kansas City Wheat futures were fractionally lower to 2¢ higher. Soybean futures were 4¢ to 6¢ lower.

Cattle futures closed mainly higher Friday, with week-to-week gains supported by stronger cash fed cattle prices and wholesale beef values.

Feeder Cattle futures were an average of $1.24 higher. Week to week, they were an average of $4.60 higher; an average of $11.51 higher over the past two weeks.

Live Cattle futures were an average of 51¢ higher (2¢ to 75¢ higher), except for 2¢ lower in spot Dec. Week to week they were an average of $1.19 higher.

Negotiated cash fed cattle trade was inactive on very light demand in all regions through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $2-$3 higher in the Texas Panhandle at $190/cwt., $3-$4 higher in Kansas at $190, $3-$4 higher in Nebraska at $190-$192 and $2-$5 higher in the western Corn Belt at $185-$190. Dressed delivered prices were $5 higher in Nebraska at $290 and $4-$5 higher in the western Corn Belt at $294-$305.

Choice boxed beef cutout value was 74¢ lower Friday afternoon at $310.52/cwt. Select was unchanged at $274.30. Week to week, Choice was $3.11 higher and Select was up $2.23.

Year-to-date estimated total cattle slaughter last week of 28.7 million head was 1.1 million head less (-3.6%) than the same time last year. Year-to-date estimated beef production was 110.5 million pounds less (-0.5%).

Grain and Soybean futures closed mixed Friday.

Corn futures closed 3¢ to 7¢ higher through Jly ’25 and then mostly fractionally higher to 1¢ higher.

Kansas City Wheat futures closed mostly 2¢ to 5¢ lower.

Soybean futures closed mostly 2¢ to 3¢ lower.

Negotiated cash fed cattle trade was moderate with good demand in all regions through Wednesday afternoon, according to the Agricultural Marketing Service.

FOB live prices were $190/cwt. in all regions, which was $2-$3 higher in the Texas Panhandle, $3-$4 higher in Kansas, $2-$3 higher in Nebraska and $2-$5 higher in the western Corn Belt. Dressed delivered prices last week were at $290 in Nebraska and $290-$300 in the western Corn Belt.

Choice boxed beef cutout value was 31¢ lower Wednesday afternoon at $311.26/cwt. Select was $1.19 lower at $274.30.

Cattle futures closed higher Wednesday, supported by stronger cash fed cattle prices. Toward the close, Live Cattle futures were an average of 75¢ higher. Feeder Cattle futures were an average of 88¢ higher.

Feeder Cattle futures continued higher Tuesday, buoyed in part by the temporary suspension of live cattle imports from Mexico (see below).

Toward the close, Feeder Cattle futures were an average of $1.74 higher. Live Cattle futures were narrowly mixed, from an average of 19¢ lower in four contracts to an average of 21¢ higher.

Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill in all regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $186-$187/cwt. in the Southern Plains, $187-$188 in Nebraska and $186-$188 in the western Corn Belt. Dressed delivered prices were $290 in Nebraska and $290-$300 in the western Corn Belt.

Choice boxed beef cutout value was $1.86 higher Tuesday afternoon at $311.57/cwt. Select was $1.75 higher at $275.49.

Turning to the grain complex, futures were mixed. Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 5¢ lower. Kansas City Wheat futures were 1¢ to 2¢ higher. Soybean futures were 2¢ lower to 2¢ higher.

Feeder Cattle futures gained on Monday, due in part to USDA’s temporary suspension of imports and transit of live cattle from Mexico after the positive detection of New World screwworm in that nation (see below).

Toward the close, Feeder Cattle futures were an average of $1.13 higher, except for 45¢ lower in the back contract. Live Cattle futures were narrowly mixed: unchanged to an average of 27¢ lower through the front four contracts and then an average of 23¢ higher.

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

Last week, FOB live prices were $1 higher in the Texas Panhandle at $186/cwt., $1-$2 higher in Kansas at $186-$187, $2-$3 higher in Nebraska at $187-$188 and $1-$3 higher in the western Corn Belt at $186-$188. Dressed delivered prices were steady at $290 in Nebraska and $290-$300 in the western Corn Belt.

The five-area direct weighted average FOB fed steer price last week was $1.60 higher at $186.39/cwt. The weighted average dressed delivered steer price was 72¢ higher at $291.56.

Choice boxed beef cutout value was $2.30 higher Monday afternoon at $309.71/cwt. Select was $1.67 higher at $273.74.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 2¢ lower. Kansas City Wheat futures were mostly 6¢ to 8¢ lower. Soybean futures were 2¢ higher.

Negotiated cash fed cattle trade was slow on light to moderate demand in all regions through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $1 higher in the Texas Panhandle at $186/cwt., $1-$2 higher in Kansas at $186-$187, $2-$3 higher in Nebraska at $187-$188 and $1-$3 higher in the western Corn Belt at $186-$188. Dressed delivered prices were steady in Nebraska at $290. The previous week dressed delivered prices in the western Corn Belt were $290-$300.

Choice boxed beef cutout value was 62¢ higher Friday afternoon at $307.41/cwt. Select was 85¢ lower at $272.07. Week to week on Friday, Choice was $4.07 higher, but Select was $4.07 lower.

Estimated total cattle slaughter last week of 631,000 head was 25,000 head more than the previous week. Year-to-date estimated total cattle slaughter of 28.2 million head was 975,000 head fewer (-3.3%) than the same period last year. Year-to-date beef production of 23.9 billion pounds was 27.8 million pounds fewer (-0.1%) than the same time last year.

Cattle futures continued higher Friday, bolstered by the week’s firmer Choice wholesale beef value and steady to stronger cash fed cattle prices.

Feeder Cattle futures closed an average of $1.08 higher on Friday and were an average of $6.91 higher week to week.

Live Cattle futures closed an average of 48¢ higher Friday. Week to week, they were an average of $3.06 higher.

Grain and Soybean futures continued lower Friday.

Corn futures were mostly fractionally lower to 1¢ lower. Kansas City Wheat futures were mostly 2¢ lower. Soybean futures closed 4¢ to 7¢ higher through Nov ‘25 and then mostly 2¢ higher.

Negotiated cash fed cattle trade ranged from slow on light demand in the North to a standstill in the Southern Plains through Thursday afternoon, according to the Agricultural Marketing Service. There were some dressed delivered sales in Nebraska at $290/cwt., which was steady with last week.

Last week, FOB live prices were $185/cwt., in all regions. Dressed delivered prices were $290-$300 in the western Corn Belt.

Choice boxed beef cutout value was 40¢ higher Thursday afternoon at $306.79/cwt. Select was $1.93 higher at $272.92.

Toward the close, Feeder Cattle futures were an average of 80¢ higher with continued support from improved winter grazing prospects. Live Cattle futures were an average of 23¢ lower with likely pressure from positioning ahead of Friday’s monthly Cattle on Feed report.

Grain and Soybean futures were lower Thursday with pressure including the higher U.S. dollar.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 4¢ lower. Kansas City Wheat futures were 6¢ to 7¢ lower. Soybean futures were 9¢ to 12¢ lower.

Cattle futures continued higher Tuesday, helped along by this week’s firmer Choice wholesale beef values.

Toward the close, Live Cattle futures were an average of $1.50 higher. Feeder Cattle futures were an average of $2.43 higher.

Negotiated cash fed cattle trade was mostly inactive on very light demand through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $185/cwt., in all regions. Dressed delivered prices were $290 in Nebraska and $290-$300 in the western Corn Belt.

Choice boxed beef cutout value was $1.51 higher Tuesday afternoon at $308.79/cwt. Select was $3.54 lower at $271.91.

Grain and Soybean futures closed higher Friday as traders appeared to apply more risk premium based on Russia’s war with Ukraine.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ lower. Kansas City Wheat futures were 2¢ higher. Soybean futures were 7¢ to 11¢ lower.  

Cattle futures extended gains Monday, led once again by Feeder Cattle and underpinned by strong cash demand for calves and feeder cattle.

Toward the close, Feeder Cattle futures were an average of $2.41 higher. Live Cattle futures were an average of $1.18 higher.

Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $185/cwt., in all regions. Dressed delivered prices were $290 in Nebraska and $290-$300 in the western Corn Belt.

Choice boxed beef cutout value was $3.94 higher Monday afternoon at $307.28/cwt. Select was 69¢ lower at $275.45.

Grain and Soybean futures closed higher Friday as traders appeared to apply more risk premium based on Russia’s war with Ukraine.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally higher to 5¢ higher. Kansas City Wheat futures were 12¢ to 14¢ higher. Soybean futures were 8¢ to 11¢ higher.

Feeder Cattle futures closed an average of $3.16 higher on Friday, leading the complex higher. Week to week on Friday, they closed an average of $5.58 higher, buoyed by lower Corn futures and strong cash demand in the country with added support from recent rains in wheat pasture country.

Live Cattle futures were an average of 73¢ higher, except for unchanged in spot Dec. Week to week on Friday, they closed an average of $1.39 higher, except for an average of 40¢ lower in the front two contracts.

That was despite weaker negotiated cash fed cattle prices.

For the week, FOB live prices were $185/cwt., which was $2 lower in the Southern Plains, $1-$2 lower in Nebraska and steady to $3 lower in the western Corn Belt. Dressed delivered prices were $4 lower at $290.

Choice boxed beef cutout value was 46¢ lower Friday afternoon at $303.34/cwt. Select was 52¢ lower at $276.14.

Total estimated cattle slaughter last week of 606,000 head was 13,000 head fewer than the previous week and 33,000 head fewer than the same week last year. Year-to-date total cattle slaughter of 27.6 million head was 1.1 million head fewer (-3.7%) than the same period last year. Year-to-date estimated beef production of 23.4 billion pounds was 125.7 million pounds less (-0.5%).

Grain and Soybean futures closed higher Friday on likely corrective buying.

Corn futures closed 2¢ to 5¢ higher through Jly ’25 and then 2¢ to 3¢ higher. Kansas City Wheat futures closed 4¢ to 8¢ higher. Soybean futures closed mostly 5¢ to 8¢ higher.

Negotiated cash fed cattle trade was slow on light to moderate demand in the North through Thursday afternoon, according to the Agricultural Marketing Service. Based on the latest established trends, FOB live prices are $1-$2 lower in Nebraska at $185/cwt. and $3 lower in the western Corn Belt at $182-$185. Dressed delivered prices are $4 lower at $290.

Trade was limited on light demand in the Southern Plains. Although too few to trend, there were some early FOB live trades at $185. Prices last week were $187.

Choice boxed beef cutout value was $3.14 lower Thursday afternoon at $303.80/cwt. Select was $2.00 lower at $276.66.

Cattle futures were mostly lower Thursday, pressured by lower cash fed cattle prices and sluggish wholesale beef values.

Toward the close, Live Cattle futures were an average of 95¢ lower.

Feeder Cattle futures were an average of 56¢ lower, except for $1.22 higher in spot Nov and unchanged at the back.

Grain and Soybean futures were lower Thursday, with pressure from the stronger U.S. Dollar and positive growing conditions.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 7¢ lower. Kansas City Wheat futures were 6¢ to 8¢ lower. Soybean futures were 14¢ to 19¢ lower.

Cattle futures mainly edged higher Wednesday, awaiting established weekly cash fed cattle trade.

Toward the close, Live Cattle futures were narrowly mixed, from an average of 15¢ lower in the front three contracts to an average of 15¢ higher. Feeder Cattle futures were an average of 59¢ higher, except for 35¢ lower in spot Nov.

Negotiated cash fed cattle trade ranged from light on light demand to a standstill through Wednesday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were some early dressed delivered sales in Nebraska at $290/cwt.

Last week, FOB live prices were $3 lower in the Southern Plains at $187/cwt., $3-$4 lower in Nebraska at $186-$187 and $2-$5 lower in the western Corn Belt at $185-$188. Dressed delivered prices were $2-$4 lower in Nebraska at $294 and $4 lower in the western Corn Belt at $294.

Choice boxed beef cutout value was $1.33 lower Wednesday afternoon at $306.94/cwt. Select was $1.26 lower at $278.66.

Grain and Soybean futures were lower Wednesday, with continued pressure from the stronger U.S. Dollar.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 3¢ lower. Kansas City Wheat futures were 5¢ to 6¢ lower. Soybean futures were mostly 2¢ to 4¢ lower.

Cattle futures extended gains Tuesday, supported by another day of firmer Choice boxed beef cutout values and likely short covering.

Toward the close, Live Cattle futures were an average of 96¢ higher. Feeder Cattle futures were an average of $1.56 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $3 lower in the Southern Plains at $187/cwt. and $3-$4 lower in Nebraska at $186-$187 and $2-$5 lower in the western Corn Belt at $185-$188. Dressed delivered prices were $2-$4 lower in Nebraska at $294 and $4 lower in the western Corn Belt at $294.

Choice boxed beef cutout value was 6¢ higher Tuesday afternoon at $308.27/cwt. Select was $1.92 higher at $279.92.

Grain and Soybean futures were lower Tuesday, with likely pressure from the stronger U.S. Dollar, profit taking and producer selling.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ lower. Kansas City Wheat futures were 11¢ to 13¢ lower. Soybean futures were mostly 8¢ to 13¢ lower.

Cattle futures found some footing Monday, helped along by the firmer boxed beef cutout values.

Toward the close, Live Cattle futures were an average of 21¢ higher, except for unchanged in spot Dec and $1.00 higher at the back of the board. Feeder Cattle futures were an average of 87¢ higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $3 lower in the Southern Plains at $187/cwt. and $3-$4 lower in Nebraska at $186-$187 and $2-$5 lower in the western Corn Belt at $185-$188. Dressed delivered prices were $2-$4 lower in Nebraska at $294 and $4 lower in the western Corn Belt at $294.

The weighted average five-area direct FOB live fed steer price last week was $3.29 lower at $186.53. The weighted average dressed delivered fed steer price was $3.84 lower at $293.13.

Choice boxed beef cutout value was 28¢ higher Monday afternoon at $308.21/cwt. Select was $2.65 higher at $281.84.

Grain and Soybean futures were lower Monday, presumably pressured by a higher U.S. dollar, farmer selling and sharply lower crude oil prices.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 3¢ lower. Kansas City Wheat futures were 3¢ to 5¢ lower. Soybean futures were 5¢ to 9¢ lower.

Cattle futures closed sharply lower Friday, pressured by lower cash prices, lower wholesale beef values and the Goldman role.

Live Cattle futures were an average of $1.38 lower. Week to week on Friday, they ranged from an average of $1.31 lower in the front four contracts to an average of 93¢ higher.

Feeder Cattle futures were an average of $2.33 lower Friday. Week to week, they were an average of $1.28 lower, except for an average of 20¢ higher in the back two contracts.

Negotiated cash fed cattle trade ranged from moderate on moderate demand in Nebraska to light on light demand in other major cattle feeding regions through Friday afternoon, according to the Agricultural Marketing Service.

FOB live prices were $3 lower in the Southern Plains at $187/cwt. and $2-$4 lower in Nebraska at $186-$188. Although too few to trend, there were some early trades in the western Corn Belt at $185-$186, where prices the previous week were $190.

Dressed delivered prices the previous week were $296-$298 in Nebraska and $298 in the western Corn Belt.

Choice boxed beef cutout value was $1.53 lower Friday afternoon at $307.93/cwt. Select was 53¢ lower at $279.19.

Week to week on Friday, Choice boxed beef cutout value was $8.41 lower at $307.93/cwt. Select was $5.84 lower at $279.19. Over the past two weeks, Choice was down $14.31 and Select was $15.89 lower.

Estimated total cattle slaughter last week of 619,000 head was 4,000 head more than the previous week but 4,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 27 million head was 1 million head fewer (-3.7%) than the same period last year. Estimated year-to-date beef production of 22.9 billion pounds was 117.5 million pounds less (-0.5%).

Turning to the grain complex, futures were mixed.

Corn futures closed mostly 2¢ to 3¢ higher. Kansas City Wheat futures were mostly 3¢ to 4¢ lower. Soybean futures were mostly 4¢ to 6¢ higher through Jan ’26 and then mainly fractionally lower.

Cattle futures extended gains Thursday with follow-through support from outside markets.

Toward the close, Live Cattle futures were an average of 83¢ higher. Feeder Cattle futures were an average of 82¢ higher, except for unchanged in spot Nov.

Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $190/cwt. in all regions with dressed delivered prices at $296-$298 in Nebraska and $298 in the western Corn Belt.

Choice boxed beef cutout value was $6.13 lower Thursday afternoon at $309.46/cwt. Select was $3.48 lower at $279.72.

Grain and Soybean futures were mixed again Thursday.

Toward the close and through Sep ’25 contracts, Soybean futures were 17¢ to 23¢ higher, boosted by weekly soybean oil exports. Corn futures were 2¢ to 3¢ higher. Kansas City Wheat futures were 3¢ to 5¢ lower.

Cattle futures were higher Wednesday, buoyed by aggressively stronger equity markets.

Toward the close, Live Cattle futures were an average of $1.04 higher. Feeder Cattle futures were an average of $1.64 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $190/cwt. in all regions with dressed delivered prices at $296-$298 in Nebraska and $298 in the western Corn Belt.

Choice boxed beef cutout value was $1.62 lower Wednesday afternoon at $315.59/cwt. Select was $2.04 lower at $283.20.

Grain and Soybean futures were mixed Wednesday.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 8¢ higher. Kansas City Wheat futures were 1¢ to 3¢ lower. Soybean futures were mixed, from 2¢ lower to 3¢ higher.

Cattle futures eased higher Tuesday, helped along by more bullish outside markets.

Toward the close, Live Cattle futures were an average of 28¢ higher, except for 25¢ lower in spot Dec. Feeder Cattle futures were an average of 40¢ higher, except for 12¢ lower in spot Nov and no trade in the back contract.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the western Corn Belt to a standstill in other major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $190/cwt. in all regions with dressed delivered prices at $296-$298 in Nebraska and $298 in the western Corn Belt.

Choice boxed beef cutout value was 30¢ higher Tuesday afternoon at $317.21/cwt. Select was $1.92 lower at $285.24.

Grain and Soybean futures were stronger Tuesday with follow-through support from positive export sales.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally higher to 2¢ higher. Kansas City Wheat futures were 5¢ to 6¢ higher. Soybean futures 2¢ to 7¢ higher.

Cattle futures were lower Monday with likely technical pressure and uncertainty ahead of the election.

Toward the close, Live Cattle futures were an average of 75¢ lower. Feeder Cattle futures were an average of 94¢ lower.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $190/cwt. with dressed delivered prices at $296-$298 in Nebraska and $298 in the western Corn Belt.

The five-area direct weighted average FOB live steer price last week was 23¢ lower at $189.82. The weighted average dressed delivered steer price was $1.93 lower at $296.97.

Choice boxed beef cutout value was 34¢ higher Monday afternoon at $316.91/cwt. Select was $2.13 higher at $287.16.

Grain and Soybean futures were stronger Monday bolstered by positive export sales.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally mixed to 1¢ higher. Kansas City Wheat futures were fractionally higher to 4¢ higher. Soybean futures were 2¢ to 4¢ higher.

Live Cattle futures closed an average of 15¢ higher, except for an average of 54¢ lower on either end of the board. Feeder Cattle futures were an average of $1.64 higher, supported by strong cash trade.

Week to week on Friday, Live Cattle futures closed an average of $2.11 lower and Feeder Cattle futures were an average of $2.77 lower.

Negotiated cash fed cattle trade was inactive on very light demand in all major cattle feeding regions through Friday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

For the week, FOB live prices are steady to $1 lower in the Texas Panhandle at $190/cwt. and steady in other regions at $190. Dressed delivered prices were steady to $2 lower at $296-$298 in Nebraska and $298 in the western Corn Belt.

Choice boxed beef cutout value was $1.26 lower Friday afternoon at $316.34/cwt. Select was 34¢ lower at $285.03. Week to week on Friday, Choice was $5.90 lower and Select was $10.05 lower.

Estimated total cattle slaughter last week of 615,000 head was 8,000 head fewer than the previous week and 21,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 26.4 million head was 1.0 million less (-3.8%) than the same period last year. Estimated year-to-date beef production of 22.3 billion pounds was 140.2 million pounds less (-0.6%).

Grain and Soybean futures were mixed Friday with support from recent export sales but continued harvest pressure and uncertainty surrounding the impending election.

Corn futures were 2¢ to 3¢ higher through Jly ’25 and then unchanged to fractionally mixed. Kansas City Wheat futures were 1¢ to 2¢ lower. Soybean futures were fractionally lower to 1¢ lower.

Live Cattle futures were mixed Thursday and Feeder Cattle futures were lower with pressure from recently lower wholesale beef prices and month-end position squaring.

Toward the close, Live Cattle futures ranged from an average of 12¢ lower in three contracts to an average of 50¢ higher, except for $4.60 higher in expiring Oct. Feeder Cattle futures were an average of 62¢ lower, except for 17¢ higher in new spot Nov and $1.02 higher in expiring Oct.

Negotiated cash fed cattle trade ranged from slow on light demand in Nebraska to a standstill in the Texas Panhandle through Thursday afternoon, according to the Agricultural Marketing Service.

So far this week, FOB live prices are steady to $1 lower in the Texas Panhandle at $190/cwt. and steady in other regions at $190. Dressed delivered prices are steady to $2 lower at $296-$298 in Nebraska and $298 in the western Corn Belt.

Choice boxed beef cutout value was $1.84 lower Thursday afternoon at $317.60/cwt. Select was $3.95 lower at $285.37.

Corn and Soybean futures received support from export sales Thursday. For the week ending Oct. 24, net U.S. corn export sales were 7% higher than the previous four-week average and net U.S. soybean sales were 39% more than the prior four-week average.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 1¢ higher. Soybean futures were 5¢ to 7¢ higher. Kansas City Wheat futures were 5¢ lower, pressured by the wetter outlook for winter wheat areas of the country.

Cattle futures continued to move lower Wednesday with weaker wholesale beef values and likely technical correction.

Toward the close, Live Cattle futures were an average of $1.31 lower. Feeder Cattle futures were an average of $2.14 lower, except for 82¢ higher in expiring Oct.

Negotiated cash fed cattle trade was light to moderate, on moderate demand in the Western Corn Belt through Wednesday afternoon, according to the Agricultural Marketing Service. FOB Live prices were steady to $1 lower at $189-190/cwt. Dressed delivered prices were steady at $298 in a light test.

Elsewhere, trade was slow on light to moderate demand. Although too few to trend, there were some early FOB live sales at $190 in the Southern Plains.

Last week, FOB live prices were $190-$191/cwt. in the Texas Panhandle $190 in Kansas and mostly $190 in Nebraska, where dressed delivered prices were $298.

Choice boxed beef cutout value was $1.17 lower Wednesday afternoon at $319.44/cwt. Select was 64¢ lower at $289.32.

Heading toward the close Wednesday, through Sep ’25 contracts, Soybean futures were mostly 10¢ to 12¢ higher on likely short covering. Corn futures fractionally mixed to 2¢ lower. Kansas City Wheat futures were 1¢ to 3¢ higher.

Cattle futures ran out of steam Tuesday with technical pressure and lower wholesale beef values.

Toward the close, Live Cattle futures were an average of $1.32 lower. Feeder Cattle futures were an average of $2.76 lower, except for 7¢ higher in spot Oct.

Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $190-$191/cwt. in the Texas Panhandle $190 in Kansas and mostly $190 in the North. Dressed delivered prices were $2 higher in Nebraska at $298 and $2-$4 higher in the western Corn Belt at $298-$300 in a light test.

Choice boxed beef cutout value was $2.89 lower Tuesday afternoon at $320.61/cwt. Select was $2.22 lower at $289.96.

Toward the close and through Sep ’25 contracts, Kansas City Wheat futures were 12¢ to 13¢ higher Tuesday with the bearish crop rating in Monday’s Weekly Crop Progress report indicating, 38% was in Good (33%) or Excellent (5%) condition versus 47% at the same time last year. 23% was rated as Poor (16%) of Very Poor (7%) compared to 18% a year earlier.

Corn futures were fractionally higher to 3¢ higher. Soybean futures were 2¢ to 8¢ lower.

Cattle futures were higher Monday, shrugging off Friday’s Cattle on Feed report, supported by high cash trade.

Toward the close, Live Cattle futures were an average of 24¢ higher. Feeder Cattle futures were an average of 86¢ higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $2-$3 higher in the Texas Panhandle at $190-$191/cwt., mostly $2 higher in Kansas at mainly $190 and $2-$3 higher in the North at mostly $190. Dressed delivered prices were $2 higher in Nebraska at $298 and $2-$4 higher in the western Corn Belt at $298-$300 in a light test.

Choice boxed beef cutout value was $1.26 higher Monday afternoon at $323.50/cwt. Select was $2.90 lower at $292.18.

Feeder Cattle futures were narrowly mixed Friday with likely trepidation ahead of the monthly Cattle on Feed report (see below). On Friday, Feeder Cattle closed from an average of 12¢ higher across the front half of the board to an average of 32¢ lower across the back half. They were also narrowly mixed in early-Monday trading.

Live Cattle futures were an average of 11¢ lower, except for 40¢ higher in spot Oct and unchanged in April.

Week to week on Friday, Live Cattle futures closed an average of $1.09 higher (27¢ to $2.07 higher). Feeder Cattle futures closed mixed, from an average of 80¢ higher in the front three contracts to an average of $1.60 lower.

Negotiated cash fed cattle trade ranged from slow on light demand in the North to inactive on very light demand the Southern Plains through Friday afternoon, with too few transactions to trend.

For the week, FOB live prices were $2-$3 higher in the Texas Panhandle at $190-$191/cwt., mostly $2 higher in Kansas at mainly $190 and $2-$3 higher in the North at mostly $190. Dressed delivered prices were $2 higher in Nebraska at $298 and $2-$4 higher in the western Corn Belt at $298-$300 in a light test.

Last week’s weighted average five-area direct FOB live fed steer was $2.44 higher at $190.05. The average dressed delivered steer price was $2.69 higher at $298.90.

Choice boxed beef cutout value was $1.07 higher Friday afternoon at $322.24/cwt. Select was 74¢ higher at $295.08. Week to week on Friday, Choice was $1.59 higher and Select was 88¢ higher. 

Estimated total cattle slaughter last week of 623,000 head was 15,000 head more than the same week last year. Year-to-date estimated total cattle slaughter of 25.7 million head was 1 million head less (-3.8%). Year-to-date beef production of 21.8 billion pounds was 146.5 million pounds less (-0.7%).

Feeder Cattle futures softened Wednesday. Perhaps some of the softness had to do with the announcement yesterday that an E. coli outbreak in several states had been linked to a McDonald’s Quarter Pounder; more specifically, slivered onions (see below).

Toward the close, Feeder Cattle futures were an average of $1.95 lower. Live Cattle futures were an average of 16¢ lower, except for 5¢ higher in away-Oct.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $188/cwt. in the Southern Plains and $187-$188 in the North. Dressed delivered prices were $296.

Choice boxed beef cutout value was $2.55 lower Wednesday afternoon at $321.41/cwt. Select was 97¢ higher at $295.77.

Turning to the grain complex, toward the close and through Sep ’25 contracts, Corn futures were fractionally higher to 3¢ higher. Kansas City Wheat futures were little changed. Soybean futures were 1¢ to 6¢ higher.

Cattle futures gained Tuesday, with support from the continued increase in Choice boxed beef cutout values.

Toward the close, Live Cattle futures were an average of 89¢ higher. Feeder Cattle futures were an average of $1.33 higher

Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $188/cwt. in the Southern Plains and $187-$188 in the North. Dressed delivered prices were $296.

Choice boxed beef cutout value was $1.10 higher Tuesday afternoon at $323.96/cwt. Select was $1.41 lower at $294.80.

Corn and Soybean futures were higher again Tuesday with follow-through support.

Toward the close and through Sep ’25 contracts,

Corn futures were 4¢ to 7¢ higher. Kansas City Wheat futures were 3¢ higher. Soybean futures were mostly 12¢ higher.

Cattle futures softened Monday, likely nudging chart resistance and perhaps with some early positioning ahead of Friday’s monthly Cattle on Feed report.

Toward the close, Live Cattle futures were an average of 50¢ lower. Feeder Cattle futures were an average of $1.10 lower.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were mainly $1 higher in the Southern Plains at $188/cwt. and steady in the North at $187-$188/cwt. with dressed delivered prices also steady at $296.

The weighted average five-area direct FOB live fed steer price last week was $187.61/cwt., which was 40¢ more than the previous week. The weighted average dressed delivered steer price was 29¢ higher at $296.21.

Choice boxed beef cutout value was $2.21 higher Monday afternoon at $322.86/cwt. Select was $2.01 higher at $296.21.

Corn and Soybean futures were higher Monday, helped by recent export sales.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 3¢ to 4¢ higher. Soybean futures were 4¢ to 10¢ higher. Kansas City Wheat futures were mostly 1¢ higher.

Cattle futures closed higher Friday, helped along by lower grain futures prices, stronger wholesale beef prices and the week’s steady-to-higher cash trade.

Live Cattle futures were an average of 83¢ higher. Feeder Cattle futures were an average of $1.98 higher. However, week to week on Friday, Live Cattle were an average of 65¢ lower and Feeder Cattle futures were an average of $1.50 lower, unable to overcome the early-week technical correction.

Negotiated cash fed cattle trade was slow on light demand through Friday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were mainly $1 higher in the Southern Plains at $188/cwt. and steady in the North at $187-$188/cwt. with dressed delivered prices also steady at $296.

Choice boxed beef cutout value was $1.39 higher Friday afternoon at $320.65/cwt. Select was 68¢ higher at $294.20. Week to week on Friday, Choice was $9.48 higher and Select was $5.48 higher, with the Choice-Select spread the widest on Friday since last October.

Turning to the grain complex, Wheat and Soybean futures closed lower with improving weather in South America, harvest pressure, the stronger U.S. dollar and chatter that Russia was going to begin exporting wheat.

Kansas City Wheat futures were 11¢ to 15¢ lower. Soybean futures were 12¢ to 18¢ lower through Jly ’25 and then 10¢ to 11¢ lower. Corn futures were 1¢ to 2¢ lower.

Cattle futures closed lower Tuesday, with likely profit taking and technical correcting. Toward the close, Live Cattle futures were an average of $1.19 lower. Feeder Cattle futures were an average of $3.08 lower

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $186-$187/cwt. in the Southern Plains and  $187-$188 in the North. Dressed delivered prices were steady at $296.

Choice boxed beef cutout value was $3.51 higher Tuesday afternoon at $316.83/cwt. Select was $2.99 higher at $292.09.

Grain and Soybean futures closed lower again, amid harvest pressure and lower outside markets, including Crude Oil.

Toward the close and through Sep ’25 contracts, Corn futures were 6¢ to 7¢ lower. Kansas City Wheat futures were 5¢ to 7¢ lower. Soybean futures were mostly 7¢ to 9¢ lower.

Cattle futures closed mostly higher Monday, supported by Choice wholesale beef values and softer Corn futures.

Toward the close, Live Cattle futures were an average of 26¢ higher, except for 40¢ lower in spot Oct. Feeder Cattle futures were an average of 79¢ higher, except for an average of 51¢ lower in the front two contracts.

Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were generally steady to $1 higher at $186-$187/cwt. in Kansas, $187 in the Texas Panhandle and $187-$188 in the North. Dressed delivered prices were steady at $296.

Last week’s weighted average five-area direct FOB live steer price was 32¢ higher at $187.21/cwt. The weighted average dressed delivered steer price was 8¢ lower at $295.92.

Choice boxed beef cutout value was $2.10 higher Monday afternoon at $313.32/cwt. Select was 38¢ higher at $289.10.

Grain and Soybean futures closed lower Monday, with pressure including a positive South American weather outlook and the recently stronger U.S. dollar.

Toward the close and through Sep ’25 contracts, Corn futures were 8¢ to 9¢ lower through. Kansas City Wheat futures were 13¢ to 14¢ lower. Soybean futures were 9¢ to 10¢ lower.

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Negotiated cash fed cattle prices ended last week generally steady to $1 higher. FOB live prices were generally $186-$187/cwt. in Kansas, $187 in the Texas Panhandle and $187-$188 in the North. Dressed delivered prices were steady at $296.

Cattle futures closed mixed on Friday but higher week to week. Live Cattle futures were an average of 25¢ lower, except for unchanged in away Dec. Feeder Cattle futures were an average of 48¢ higher (5¢ to $1.05 higher), except for an average of 34¢ lower in the front two contracts.

Week to week on Friday, Live Cattle futures closed an average of $1.03 higher (25¢ to $1.70 higher). Feeder Cattle futures closed an average of $2.69 higher (7¢ to $4.60 higher).

Choice boxed beef cutout value was $1.27 higher Friday afternoon at $311.12/cwt. Select was $2.01 lower at $288.72. Week to week on Friday, Choice was $8.64 higher and Select was $1.11 higher.

Estimated total cattle slaughter last week of 586,000 head was 25,000 head fewer than the previous week and 30,000 head fewer than the same week last year. Year-to-date total cattle slaughter of 24.5 million head was 975,000 head fewer (-3.8%). Year-to-date beef production of 20.7 billion pounds was 152.7 million pounds less (-0.7%).

Turning to crops, Grain and Soybean futures closed lower Friday, lacking support from the monthly World Agricultural Supply and Demand Estimates.

Corn futures closed mostly 1¢ to 3¢ lower. Kansas City Wheat futures were 4¢ to 6¢ lower. Soybean futures closed mostly 10¢ to 11¢ lower.

Cattle futures gained Thursday, with steady to stronger cash fed cattle prices and higher wholesale beef values.

Toward the close, Live Cattle futures were an average of 66¢ higher. Feeder Cattle futures were an average of $1.16 higher.

Negotiated cash fed cattle trade ranged from slow on light demand to moderate on moderate demand through Thursday afternoon, according to the Agricultural Marketing Service.

So far this week, FOB live prices are steady to $1 higher in Kansas at $186-$187/cwt. and steady in the North at $187. Dressed delivered prices are steady at $296.

Last week, FOB live prices were $186 in the Texas Panhandle.

Choice boxed beef cutout value was $1.77 higher Thursday afternoon at $309.95/cwt. Select was $2.10 higher at $290.73.

Corn and soybean futures were lower Thursday with harvest pressure and more positive weather in South America. There was also likely positioning ahead of the monthly World Agricultural Supply and Demand Estimates due out on Friday.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ lower. Kansas City Wheat futures were 1¢ to 2¢ higher. Soybean futures were 3¢ to 6¢ lower.

Cattle futures were lower Wednesday, with overbought conditions and the lack of weekly cash direction.

Toward the close, Live Cattle futures were an average of 73¢ lower. Feeder Cattle futures were an average of $1.11 lower.

Negotiated cash fed cattle trade was slow on light demand in the western Corn Belt through Wednesday afternoon, according to the Agricultural Marketing Service. There were a few FOB live trades at $187/cwt., but too few to trend. Elsewhere, trade was at a standstill.

Last week, FOB live prices were $186 in the Southern Plains, $187 in Nebraska and $187-$188 in the western Corn Belt. Dressed delivered prices were $296.

Choice boxed beef cutout value was $1.34 higher Wednesday afternoon at $308.18/cwt. Select was 2¢ higher at $288.63.

Turning to grains, toward the close and through Sep ’25 contracts, Corn futures were fractionally mixed. Kansas City Wheat futures were 4¢ to 5¢ higher. Soybean futures were mostly 2¢ to 5¢ higher.

Toward the close, Live Cattle futures were an average of 54¢ higher. Feeder Cattle futures were an average of $1.51 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $1 higher in the Southern Plains at $186/cwt., steady in Nebraska at $187 and mostly steady to $2 higher in the western Corn Belt at $187-$188. Dressed delivered prices were $2 higher in Nebraska at $296 and $2-$4 higher in the western Corn Belt at $296.

Choice boxed beef cutout value was 91¢ higher Tuesday afternoon at $306.84/cwt. Select was 72¢ lower at $288.61.

Corn and soybean futures were lower Tuesday with harvest pressure and a more positive planting outlook for South America.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 2¢ to 5¢ lower. Soybean futures were 15¢ to 19¢ lower. Kansas City Wheat futures were fractionally lower.

Cattle futures closed higher Friday, helped along by more bullish outside markets, indications of stronger cash trade and perhaps added confidence from the resolution to the dock strikes, at least for now.

Live Cattle futures were an average of 63¢ higher. Feeder Cattle futures were an average of $1.48 higher (45¢ to $2.25 higher). Week to week on Friday, Live Cattle futures were an average of $2.97 higher and Feeder Cattle futures were an average of $3.78 higher.

Negotiated cash fed cattle trade and demand were moderate in the Southern Plains through Friday afternoon, according to the Agricultural Marketing Service. FOB live prices were $1 higher  at $186/cwt.

Elsewhere, trade was slow on light demand with too few transactions to trend.

Last week FOB Live prices were mostly $187 in Nebraska and $186-$187 in the western Corn Belt. Dressed delivered prices were $292-$294.

Choice boxed beef cutout value was $2.78 higher Friday afternoon at $302.58/cwt. Select was $4.32 higher at $287.61.

Estimated total cattle slaughter last week of 611,000 head was 1,000 head fewer than the previous week and 16,000 head fewer than the same week last year. Estimated year-to-date total cattle slaughter of 23.9 million head was 950,000 head fewer (-3.8%) than the same period a year earlier. Estimated year-to-date beef production of 20.2 billion pounds was 150.1 million pounds less (-0.7%).

Grain and Soybean futures closed lower again Friday with harvest pressure.

Corn futures closed 2¢ to 4¢ lower. Kansas City Wheat futures closed 11¢ to 13¢ lower. Soybean futures closed 7¢ to 8¢ lower.

Cattle futures were mixed Thursday, awaiting the week’s cash direction.

Toward the close, Live Cattle futures were an average of 72¢ lower, except for an average of 19¢ higher in the back three contracts. Feeder Cattle futures were an average of 34¢ higher, except for an average of 66¢ lower in the front two contracts.

Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service.

Last week FOB Live prices were $185/cwt. in the Southern Plains, mostly $187 in Nebraska and $186-$187 in the western Corn Belt. Dressed delivered prices were $292-$294.

Choice boxed beef cutout value was 1¢ lower Thursday afternoon at $299.80/cwt. Select was 28¢ lower at $268.78.

Net U.S. beef export sales the week ending Sept. 26 of 22,500 metric tons for 2024 were up noticeably from the previous week and up 68% from the prior four-week average. Increases were primarily for South Korea, China, Mexico, Japan and Taiwan.

Grain and Soybean futures closed lower Thursday, likely pressured by producer selling and profit taking.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 4¢ lower. Kansas City Wheat futures were 5¢ to 8¢ lower. Soybean futures were 5¢ to 6¢ lower.

Cattle futures gained Wednesday with expanding open interest from fund buying.

Toward the close, Live Cattle futures were an average of $1.59 higher. Feeder Cattle futures were an average of $3.00 higher.

Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week FOB Live prices were $185/cwt. in the Southern Plains, mostly $187 in Nebraska and $186-$187 in the western Corn Belt. Dressed delivered prices were $292-$294.

Choice boxed beef cutout value was 36¢ lower Wednesday afternoon at $299.81/cwt. Select was $1.37 lower at $283.93.

Grain futures closed higher Wednesday, led by wheat with weather and war premium.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ higher. Kansas City Wheat futures were 17¢ to 19¢ higher. Soybean futures were 1¢ to 2¢ lower.

There was no afternoon USDA fed cattle report available at press time.

Last week, FOB Live prices were $2 higher in the Southern Plains at $185/cwt., $2 higher in Nebraska at $186-$187 and steady to $3 higher in the western Corn Belt at $185-$187. Dressed delivered prices were mostly $2-$4 higher in Nebraska at mainly $294 and $4 higher in the western Corn Belt at $294 in a light test.

Choice boxed beef cutout value was $2.09 higher Tuesday afternoon at $300.17/cwt. Select was 77¢ higher at $285.30.

Toward the close, Live Cattle futures were an average of 31¢ higher, except for unchanged in two contracts.

Feeder Cattle futures were an average of 64¢ lower, except for unchanged at either end of the board, pressured by another day of higher Corn futures.

Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 5¢ higher. Kansas City Wheat futures were 12¢ to 15¢ higher. Soybean futures were mostly fractionally mixed.   

There was no afternoon USDA fed cattle report available at press time.

Last week, FOB Live prices were $2 higher in the Southern Plains at $185/cwt., $2 higher in Nebraska at $186-$187 and steady to $3 higher in the western Corn Belt at $185-$187. Dressed delivered prices were mostly $2-$4 higher in Nebraska at mainly $294 and $4 higher in the western Corn Belt at $294 in a light test.

The weekly weighted average five-area direct FOB live steer price was $2.14 higher week to week at $186.15/cwt. The weekly weighted average dressed delivered steer prices was $3.12 higher at $293.53.

Choice boxed beef cutout value was $1.39 higher Monday afternoon at $298.08/cwt. Select was $2.45 higher at $284.53.

Toward the close, Live Cattle futures closed were an average of 38¢ higher with follow-through support from last week’s higher cash fed cattle prices.

Feeder Cattle futures closed an average of 93¢ lower except for 17¢ higher at the back with pressure from higher Corn futures.

Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 6¢ higher, buoyed by the neutral to friendly Grain Stocks report and likely quarter-end short covering. Kansas City Wheat futures were 5¢ to 7¢ higher. Soybean futures were 6¢ to 9¢ lower on an improved South American weather outlook.  

Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the north to a standstill in the Southern Plains through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB Live prices were $2 higher in the Southern Plains at $185/cwt., $2 higher in Nebraska at $186-$187 and steady to $3 higher in the western Corn Belt at $185-$187. Dressed delivered prices were mostly $2-$4 higher in Nebraska at mainly $294 and $4 higher in the western Corn Belt at $294 in a light test.

Choice boxed beef cutout value was 32¢ higher Thursday afternoon at $296.69/cwt. Select was 29¢ lower at $282.08.

Estimated total cattle slaughter last week of 612,000 head was 2,000 head more than the previous week and the same as the same week last year. Estimated year-to-date total cattle slaughter of 23.3 million head was 938,000 fewer (-3.9%) than the same time last year. Year-to-date estimated beef production of 19.7 billion pounds was 163.9 million pounds less (-0.8%).

Live Cattle futures closed narrowly mixed, from an average of 26¢ lower to an average of 14¢ higher in three contracts.

Feeder Cattle futures closed an average of 31¢ higher except for 47¢ lower at the back.

Week to week on Friday, Live Cattle futures closed an average of $1.48 higher and Feeder Cattle futures closed an average of $2.08 higher.

Grain and Soybean futures were higher Friday, ahead of Monday’s Grain Stocks report and perhaps with some month- and quarter-end squaring.

Corn futures were mostly 3¢ to 4¢ higher. Kansas City Wheat futures were mostly 1¢ lower. Soybean futures closed 20¢ to 24¢ higher through Jly ’25 and then mostly 12¢ to 18¢ higher.

Cattle futures were mixed but mostly higher Tuesday, supported by recently firmer wholesale beef prices stemming from slower packer production.

Recently firm and higher wholesale beef prices, as packers slow production, helped Cattle futures mostly extend gains Monday.

Heading into the close, Live Cattle futures closed an average of an average of 26¢ higher, except for an average of 3¢ lower in three contracts. Feeder Cattle futures were an average of 40¢ higher, except for an average of 6¢ lower in two contracts.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $183/cwt. in the Southern Plains and $184-$185 in the north. Dressed delivered prices were $290-$292 in Nebraska and $290 in the western Corn Belt on a light test.

Choice boxed beef cutout value was 8¢ higher Tuesday afternoon at $301.89/cwt. Select was 92¢ lower at $286.87.

Grain and soybean futures closed mixed Tuesday.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally lower to 1¢ lower. Kansas City Wheat futures were 3¢ to 6¢ lower. Soybean futures were 3¢ to 4¢ higher.

Cattle futures furthered gains Monday with follow-through support from last week, as well as the neutral Cattle on Feed report.

Heading into the close, Live Cattle futures closed an average of an average of 88¢ higher. Feeder Cattle futures were an average of 75¢ higher.

Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $2-$3 higher in the Southern Plains at $183/cwt. and $1-$2 higher in the North at $184-$185. Dressed delivered prices were $2 higher in Nebraska at $290-$292 and from $2 higher to $4 lower in the western Corn belt at $290 in a light test.

The five-area direct weighted average FOB live steer price last week was $1.90 higher at $184.01. The weighted average dressed delivered steer price was 20¢ lower at $290.41.

Choice boxed beef cutout value was $1.62 higher Monday afternoon at $301.81/cwt. Select was 80¢ lower at $287.79.

Soybeans rallied Monday, boosted by thoughts that China’s easing monetary policy would spur demand. Corn and wheat followed with added support from South American weather worries.

Toward the close and through Jly ’25 contracts, Soybean futures were 24¢ to 27¢ higher. Corn futures were 10¢ to 11¢ higher. Kansas City Wheat futures were 12¢ to 13¢ higher.

Cattle futures continued higher Friday, spurred along by higher cash fed cattle prices.  

Live Cattle futures closed an average of $1.01 higher across a wide range, from 5¢ higher at the back to $2.50 higher in spot Oct, except for 10¢ lower in away Dec.

Feeder Cattle futures were mixed Friday, closing from an average of 37¢ higher in five contracts to an average of 48¢ lower.

Week to week on Friday, Live Cattle futures closed an average of $2.92 higher, and Feeder Cattle futures closed an average of $4.52 higher.

Negotiated cash fed cattle trade was slow on light demand in the Texas Panhandle through Friday afternoon with FOB live prices $2 higher at $183/cwt., according to the Agricultural Marketing Service. Trade and demand were moderate in Kansas with FOB live prices $2-$3 higher at $183.

Trade and demand were moderate in the North. FOB live prices were $2-$3 higher in Nebraska at $184 and $1-$2 higher in the western Corn Belt at $184-$185. Dressed delivered prices were $2 higher in Nebraska at $290-$292. Dressed delivered prices the previous week were $288-$294 in the western Corn Belt.

Choice boxed beef cutout value was 63¢ higher Friday afternoon at $300.19/cwt. Select was 33¢ higher at $288.59.

Estimated total cattle slaughter last week of 610,000 head was 10,000 head fewer than the previous week and 17,000 head fewer than the previous year. Estimated year-to-date total cattle slaughter of 22.7 million head was 943,000 head fewer (-4%). Estimated year-to-date beef production of 19.1 billion pounds was 192.9 million pounds less (-1%).

Harvest pressure continued to weigh on grain futures Friday.

Corn futures were mostly 3¢ to 4¢ lower. Kansas City Wheat futures were fractionally lower to 1¢ lower. Soybean futures were mostly 1¢ to 2¢ lower.

Cattle futures bounced higher Thursday with support from bullish outside markets and perhaps with some positioning ahead of Friday’s monthly Cattle on Feed report.

Heading into the close, Live Cattle futures were an average of 94¢ higher. Feeder Cattle futures an average of $2.64 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, live FOB prices were $181/cwt. in the Texas Panhandle, $180-$181 in Kansas, $181-$182 in Nebraska and $182-$183 in the western Corn Belt. Dressed delivered prices were $288-$294.

Choice boxed beef cutout value was $1.82 lower Thursday afternoon at $299.56/cwt. Select was $1.49 lower at $288.26.

Net 2024 U.S. beef export sales of 15,500 metric tons for the week ending Sept. 12 were 36% more than the previous week and 2% more than the prior four-week average, according to USDA’s weekly report. Increases were primarily for South Korea, China, Japan, Canada and Mexico.

Harvest pressure and anemic export sales weighed on grain futures Thursday.

Toward the close and through Jly ’25 contracts, Corn futures were 5¢ to 7¢ lower. Kansas City Wheat futures were 11¢ to 13¢ lower. Soybean futures were mostly fractionally lower to 1¢ lower.

Cattle futures were narrowly mixed Wednesday as traders waited for weekly cash direction.

Heading into the close, Live Cattle futures were an average of 25¢ higher, except for unchanged and 32¢ lower on either end of the board. Feeder Cattle futures were an average of 28¢ higher, except for an average of 9¢ lower in three contracts.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, live FOB prices were $181/cwt. in the Texas Panhandle, $180-$181 in Kansas, $181-$182 in Nebraska and $182-$183 in the western Corn Belt. Dressed delivered prices were $288-$294.

Choice boxed beef cutout value was $2.53 lower Wednesday afternoon at $301.38/cwt. Select was $2.47 lower at $289.75.

Heading toward the close and through Jly ’25 contracts, Grain futures were mixed Wednesday.

Toward the close and through Jly ’25 contracts. Corn futures were fractionally mixed. Kansas City Wheat futures were 1¢ lower. Soybean futures were mostly 5¢ to 8¢ higher, supported by early reports of lower yields than expected.

Cattle futures gained Tuesday.

Heading into the close, Live Cattle futures were an average of $1.11 higher. Feeder Cattle futures were an average of $1.80 higher

Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, live FOB prices were $181/cwt. in the Texas Panhandle, $180-$181 in Kansas, $181-$182 in Nebraska and $182-$183 in the western Corn Belt. Dressed delivered prices were $288-$294.

Choice boxed beef cutout value was 66¢ lower Tuesday afternoon at $303.91/cwt. Select was 8¢ higher at $292.22.

Heading toward the close and through Jly ’25 contracts, grain futures were narrowly changed. Corn futures were 1¢ to 2¢ higher. Kansas City Wheat futures were fractionally higher. Soybean futures were 2¢ higher.

Cattle futures were narrowly mixed Monday, with Live Cattle edging lower and Feeder Cattle mostly eking out gains.

Heading into the close, Live Cattle futures were an average of 21¢ lower. Feeder Cattle futures were an average of 30¢ higher, except for unchanged and 32¢ lower in two contracts.

Negotiated cash fed cattle trade ranged from limited on light demand to a standstill through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

For the week, Live FOB prices were steady to $1 higher in the Texas Panhandle at $181/cwt., steady to $1 lower in Kansas at $180-$181, mostly steady in Nebraska at $181-$182 and steady to $2 higher in the western Corn Belt at $182-$183.

Dressed delivered prices were steady to $6 higher in Nebraska at $288-$294 and steady to $8 higher in the western Corn Belt at $288-$294.

The five-area direct weighted average FOB live steer price last week was 93¢ higher at $182.11/cwt. The weighted average dressed delivered price was $3.07 higher at $290.61.

Grain futures were lower Monday amid the improved international weather outlook and potential profit taking.

Toward the close and through Jly ’25 contracts, Corn futures were 1¢ to 3¢ lower. Kansas City Wheat futures were 18¢ to 19¢ lower. Soybean futures were 1¢ lower.

Cattle futures were narrowly mixed Friday, ending a week of recovery.

Live Cattle futures were an average of 15¢ higher, except for unchanged to 37¢ lower in the front three contracts. Feeder Cattle futures were an average of 38¢ lower.

Week to week on Friday, Live Cattle futures closed an average of $3.56 higher, gaining back a little more than what was lost the previous week. Feeder Cattle futures closed an average of $6.70 higher ($5.72 to $8.17 higher) during the same period.

Negotiated cash fed cattle trade ranged from limited on light to moderate demand in the Southern Plains to light on moderate demand in the North through Friday afternoon, according to the Agricultural Marketing Service.

For the week, Live FOB prices are steady to $1 higher in the Texas Panhandle at $181/cwt., steady to $1 lower in Kansas at $180-$181, mostly steady in Nebraska at $181-$182 and steady to $2 higher in the western Corn Belt at $182-$183.

Dressed delivered prices were steady to $6 higher in Nebraska at $288-$294 and $2-$6 higher in the western Corn Belt at $288-$294.

Choice boxed beef cutout value was $2.27 lower Friday afternoon at $304.91/cwt. Select was $1.47 lower at $294.17.

Estimated total cattle slaughter last week of 620,000 head was 78,000 more than the previous holiday-shortened week, but 11,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 22.1 million head was 932,000 head fewer (-4.1%). Estimated year-to-date beef production of 18.6 billion pounds was 204.1 million pounds less (-1.1%).

Corn futures faded the increased yield projections in Thursday’s monthly World Agricultural Supply and Demand Estimates.

Corn futures were mostly 3¢ to 6¢ higher. Kansas City Wheat futures were 10¢ to 13¢ higher. Soybean futures were 2¢ to 5¢ lower.

Cattle futures gained Thursday, supported by steady to higher cash prices and a late-day bounce in outside markets.

Heading into the close, Live Cattle futures were an average of 87¢ higher. Feeder Cattle futures were an average of $1.67 higher.

Negotiated cash fed cattle trade ranged from slow on light demand to mostly inactive on light demand through Thursday afternoon, according to the Agricultural Marketing Service.

So far this week, Live FOB prices are steady to $1 higher in the Texas Panhandle at $181/cwt. and steady to $1 lower in Kansas at $180-$181.

Last week, FOB live prices were $180-$181 in Nebraska and $180-$183 in the western Corn Belt. Dressed delivered prices were $288 in Nebraska and $286-$288 in the western Corn Belt.

Choice boxed beef cutout value was 18¢ lower Thursday afternoon at $307.18/cwt. Select was $1.26 higher at $295.64.

Corn futures faded the increased yield projections in Thursday’s monthly World Agricultural Supply and Demand Estimates.

Toward the close and through Jly ’25 contracts, Corn futures were fractionally higher 7¢ higher in expiring spot Sept. Kansas City Wheat futures were mostly fractionally lower. Soybean futures were 7¢ to 11¢ higher.

Cattle futures gained Wednesday with apparent optimism about the potential for higher cash fed cattle prices this week.

Heading into the close, Live Cattle futures were narrowly mixed, from an average of 71¢ higher. Feeder Cattle futures were an average of $1.62 higher.

Negotiated cash fed cattle trade ranged from slow on light demand to a standstill through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, Live FOB prices were $180-$181/cwt. in the Texas Panhandle, $181 in Kansas, $180-$181 in Nebraska and $180-$183 in the western Corn Belt

Dressed delivered prices were $288 in Nebraska and $286-$288 in the western Corn Belt.

Choice boxed beef cutout value was 87¢ lower Wednesday afternoon at $307.36/cwt. Select was $2.63 lower at $294.38.

Corn and Soybean futures edged higher in nearby contracts Wednesday, as traders prepared for Thursday’s monthly World Agricultural Supply and Demand Estimates.

Toward the close and through Jly ’25 contracts, Corn futures were fractionally higher 1¢ higher. Kansas City Wheat futures were 1¢ to 4¢ higher. Soybean futures were 2¢ to 4¢ higher.

Cattle futures hovered amid two-sided trading Tuesday.

Heading into the close, Live Cattle futures were narrowly mixed, from an average of 34¢ lower in the front four contracts to an average of 28¢ higher. Feeder Cattle futures were an average of 49¢ higher, except for 2¢ lower in Mar.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, Live FOB prices were $180-$181/cwt. in the Texas Panhandle, $181 in Kansas, $180-$181 in Nebraska and $180-$183 in the western Corn Belt

Dressed delivered prices were $288 in Nebraska and $286-$288 in the western Corn Belt.

Choice boxed beef cutout value was 29¢ lower Tuesday afternoon at $308.23/cwt. Select was $1.48 lower at $297.01.

Corn and Soybean futures were lower Tuesday, pressured by the yield outlook and weaker crude oil prices.

Toward the close and through Jly ’25 contracts.

Corn futures were 2¢ to 3¢ lower.

Toward the close and through Jly ’25 contracts, Corn futures were 2¢ to 3¢ lower. Soybean futures were 17¢ to 20¢ lower. Kansas City Wheat futures were 6¢ higher.

More bullish outside markets helped Cattle futures bounce back Monday.

Heading into the close, Live Cattle futures were an average of $1.91 higher. Feeder Cattle futures were an average of $3.87 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, Live FOB prices were $2-$3 lower in the Texas Panhandle at $180-$181/cwt., $1-$2 lower in Kansas at $181, $3-$4 lower in Nebraska at $180-$181 and steady to $5 lower in the western Corn Belt at $180-$183.

Dressed delivered prices were steady to $4 lower in Nebraska at $288 and $2-$4 lower in the western Corn Belt at $286-$288.

The weighted average five-area direct FOB live steer price last week was $2.63 lower at $181.18/cwt. The weighted average dressed delivered steer price was $2.75 lower at $287.54.

Choice boxed beef cutout value was 89¢ lower Monday afternoon at $308.52/cwt. Select was $2.36 higher at $298.49.

Grain and Soybean futures were mixed Monday with apparent short covering providing support.

Toward the close and through Jly ’25 contracts, Corn futures were fractionally higher to 2¢ higher. Kansas City Wheat futures were 1¢ lower, except for 5¢ higher in spot Sep. Soybean futures were 10¢ to 14¢ higher.

Negative outside markets and softer cash fed cattle prices helped pressure Cattle futures again Friday. Live Cattle futures closed an average of $1.83 lower. Feeder Cattle futures closed an average of $3.60 lower. Week to week on Friday, Live Cattle futures were an average of $3.09 lower and Feeder Cattle futures were an average of $7.30 lower.

Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the Southern Plains to slow on light demand in the North through Friday afternoon, according to the Agricultural Marketing Service.

For the week, Live FOB prices were $2 lower in the Texas Panhandle at $181/cwt., $1-$2 lower in Kansas at $181, $4 lower in Nebraska at $180 and steady to $5 lower in the western Corn Belt at $180-$183.

Dressed delivered prices were steady to $4 lower in Nebraska at $288 and $2-$4 lower in the western Corn Belt at $286-$288.

Choice boxed beef cutout value was $2.10 lower Friday afternoon, at $309.41/cwt. Select was 66¢ lower at $296.12.

Estimated total cattle slaughter during the holiday-shortened week of 542,000 was 69,000 head fewer than the previous week and 17,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 21.4 million head was 926,000 head fewer (-4.1%) than the same period a year earlier. Total estimated year-to-date beef production of 18 billion pounds was 216.2 million pounds less (-1.2%).

Grain and Soybean futures closed lower Friday amid pressure from lower outside markets and wonderments about next week’s monthly World Agricultural Supply and Demand Estimates.

Corn futures closed 2¢ to 6¢ lower. However, Corn futures closed an average of 6’2¢ higher through the front six contracts week to week on Friday. That’s an average of about 15¢ higher in those contracts over the past two weeks.

On Friday, Kansas City Wheat futures closed 10¢ to 11¢ lower. Soybean futures closed 15¢ to 19¢ lower.

Cattle futures closed lower Thursday, pressured by lower cash fed cattle prices in the South and skittish outside markets.

Live Cattle futures closed an average of $1.64 lower. Feeder Cattle futures closed an average of $3.23 lower.

Negotiated cash fed cattle trade ranged from moderate on moderate demand in the Texas Panhandle to slow on light to moderate demand in Kansas through Thursday afternoon, according to the Agricultural Marketing Service. Live FOB prices were $181/cwt., which was $2 lower in the Texas Panhandle and $1-$2 lower in Kansas.

Elsewhere, trade was slow on light demand with too few transactions to trend.

Last week, FOB live prices were $184 in Nebraska and $183-$185 in the western Corn Belt. Dressed delivered prices were $288-$292.

Choice boxed beef cutout value was 9¢ lower Thursday afternoon, at $311.51/cwt. Select was $2.61 lower at $296.78.

Grain futures softened Thursday with likely farmer selling. Corn futures closed mostly fractionally lower to 2¢ lower. Kansas City Wheat futures closed 2¢ to 4¢ lower. Soybean futures closed mostly 1¢ to 2¢ higher.

Live Cattle futures were an average of 23¢ lower, except for an average of 24¢ higher in three contracts, with pressure from early cash weakness in the South.

Feeder Cattle futures were an average of $1.23 lower, pressured by lower Live Cattle and higher Corn.

Negotiated cash fed cattle trade ranged from slow on light demand in Kansas to a standstill elsewhere through Wednesday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were some early live FOB trades in Kansas at $180/cwt.

Last week, FOB live prices were $183 in the Texas Panhandle, $182-$183 in Kansas, $184 in Nebraska and $183-$185 in the western Corn Belt. Dressed delivered prices were $288-$292.

Choice boxed beef cutout value was 93¢ higher Wednesday afternoon, at $311.60/cwt. Select was 72¢ lower at $299.39.

Grain and Soybean futures continued to rally Wednesday with likely short covering and thoughts forecast yield increases might be less than expected.

Toward the close and through Jly ’25 contracts, Corn futures were 3¢ to 5¢ higher. Kansas City Wheat futures were 15¢ to 16¢ higher. Soybean futures were mostly 8¢ to 9¢ higher.

Cattle futures gained Friday as traders closed their book for the week and month. Support included firmer wholesale beef values and positive outside markets.

Live Cattle futures were an average of 96¢ higher.

Feeder Cattle futures closed an average of 87¢ higher.

Cattle futures also gained week to week. Live Cattle futures closed an average of $1.96 higher (47¢ higher at the back to $3.27 higher at the front). Feeder Cattle futures closed an average of $2.64 higher.

Negotiated cash fed cattle trade ranged from limited on light demand to inactive on very light demand with too few transactions to trend through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were steady in the Texas Panhandle at $183/cwt., $1 lower in Kansas at $182-$183, steady in Nebraska at $184 and $1-$3 lower in the western Corn Belt at $183-$185.

Dressed delivered prices were $3-$5 lower in Nebraska at $288-$292. Dressed delivered prices in the western Corn Belt the previous week were $293-$295.

Estimated total cattle slaughter last week of 611,000 head was 3,000 head more than the previous week but 20,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 20.9 million head was 910,000 head fewer (-4.2%) than the same time last year. Year-to-date estimated beef production of 17.6 billion pounds was 219.4 million pounds less (-1.2%).

Choice boxed beef cutout value was 68¢ higher Friday afternoon, at $309.34/cwt. Select was 37¢ lower at $295.82.

Grain and Soybean futures continued higher Friday.

Corn futures closed mostly 3¢ to 5¢ higher. Week to week on Friday, Corn futures closed an average of 8’6¢ higher. Kansas City Wheat futures closed 4¢ to 7¢ higher through Jly ‘25 on Friday and then mostly 2¢ higher. Soybean futures closed 6¢ to 8¢ higher.

Cattle futures were lower Thursday, pressured by steady to weaker cash fed cattle prices and the recent decline in wholesale beef values.  

Heading into the close, Live Cattle futures were an average of $1.45 lower, except for $1 higher in expiring spot Aug. Feeder Cattle futures were an average of $2.28 lower.

Negotiated cash fed cattle trade was slow on light demand in all regions through Thursday afternoon, according to the Agricultural Marketing Service.

So far this week, FOB live prices are $1-$2 lower in Kansas at $182/cwt. and steady at $184 in Nebraska, where dressed delivered prices are $1-$3 lower at $292.

Last week, FOB live prices were $183/cwt. in the Texas Panhandle and $184-$188 in the western Corn Belt, where dressed delivered prices were $293-$295.

Choice boxed beef cutout value was $1.37 higher Thursday afternoon, at $308.66/cwt. Select was $1.44 lower at $296.19.

Grain and Soybean futures were higher Thursday with traders apparently adding some weather premium.

Toward the close and through Jly ’25 contracts, Corn futures were 3¢ to 5¢ higher. Kansas City Wheat futures were mainly 4¢ higher. Soybean futures were 11¢ to 14¢ higher.

Cattle futures softened Wednesday with pressure including the lack of weekly cash direction and a sharp decline in wholesale beef values.  

Heading into the close, Live Cattle futures were an average of 67¢ lower. Feeder Cattle futures were narrowly mixed from an average of 44¢ lower to an average of 11¢ higher.

Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $183/cwt. in the Texas Panhandle $183-$184 in Kansas, $184 in Nebraska and $184-$188 in the western Corn Belt. Dressed delivered prices were $293-$295.

Choice boxed beef cutout value was $4.68 lower Wednesday afternoon, at $307.29/cwt. Select was $2.62 lower at $297.63.

Grain futures were mixed Wednesday.

Toward the close and through Jly ’25 contracts, Corn futures were 2¢ lower. Kansas City Wheat futures were 7¢ to 11¢ higher on apparent short covering. Soybean futures were 7¢ to 10¢ lower.

Cattle futures mainly extended gains Tuesday with hopes the near bottom has been carved, supported by ongoing relative demand strength.

Heading into the close, Live Cattle futures were an average of $1.35 higher. Feeder Cattle futures were an average of 55¢ higher, except for an average of 25¢ lower in the front two contracts.

Negotiated cash fed cattle trade was at a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $183/cwt. in the Texas Panhandle, $183-$184 in Kansas, $184 in Nebraska and $184-$188 in the western Corn Belt. Dressed delivered prices were $293-$295.

Choice boxed beef cutout value was $3.93 lower Tuesday afternoon, at $311.97/cwt. Select was 6¢ higher at $300.25.

Grain futures were higher Tuesday, with apparent recent producer selling and the cheaper U.S. dollar providing support.

Toward the close and through Jly ’25 contracts, Corn futures were 4¢ to 6¢ higher. Kansas City Wheat futures were 7¢ to 12¢ higher. Soybean futures were 6¢ to 9¢ higher.