Negotiated cash fed cattle trade was slow to moderate on light to moderate demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service. Dressed delivered prices were $2.00 to $2.50 lower at $292-$292.50/cwt. There were a few FOB live trades at $184-$186 and a few delivered live trades at $189.50, but too few to trend. FOB live prices there last week were $185-$188.
Trade was limited on light to moderate demand in the western Corn Belt where FOB live prices were $1-$3 lower $185. There were a few dressed delivered trades at $292, but too few to trend; $290-$295 last week.
In the Southern Plains, trade ranged from inactive on very light demand to a standstill. FOB live prices last week were $178-$179 in the Texas Panhandle and $179 in Kansas.
Choice boxed beef cutout value was 58¢ higher Thursday afternoon at $317.63/cwt. Select was 32¢ higher at $291.91/cwt.
Cattle futures closed higher Thursday, helped along by increasing open interest.
Feeder Cattle futures closed an average of $1.97 higher ($1.47 to $2.37 higher).
Live Cattle futures closed an average of $1.47 higher ($1.22 to $2.05 higher).
Corn futures closed narrowly mixed, from mostly fractionally lower to 1¢ higher.
KC HRW Wheat closed mostly fractionally lower to 5¢ to lower.
Soybean futures closed mostly 8¢ to 12¢ higher.
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