Cattle futures extended gains Thursday.
Feeder Cattle futures closed an average of $1.81 higher.
Live Cattle futures closed an average of 77¢ higher
Corn futures closed mostly fractionally lower to 1¢ lower.
KC HRW Wheat closed mostly 8¢ to 12¢ lower.
Soybean futures closed 12¢ to 16¢ lower through Aug ‘24 and then 7¢ to 9¢ lower.
Negotiated cash fed cattle trade ranged from limited on light demand to a standstill through Thursday afternoon with too few transactions to trend, according to the Agricultural Marketing Service. There were a few dressed delivered prices in Nebraska at $290/cwt.
Last week, FOB live prices were $179/cwt. in the Texas Panhandle, $178-$179 in Kansas, $182 in Nebraska and $183-$185 in the western Corn Bel
Dressed delivered prices were $290-$292 in Nebraska and $290 in the western Corn Belt.
Choice boxed beef cutout value was $1.91 lower Thursday afternoon at $311.56/cwt. Select was $1.44 lower at $286.17/cwt.
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