Cattle futures closed mixed Wednesday in light holiday trade.
Feeder Cattle futures closed an average of 57¢ higher (7¢ to 92¢ higher).
Live Cattle futures closed an average of 34¢ lower (12¢ to $1.12 lower), except for 15¢ higher in waning spot Dec.
Negotiated cash fed cattle trade was at a standstill in all regions through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $171/cwt. in the Texas Panhandle, $170-$171 in Kansas, $171-$172 in Nebraska and $170 in the western Corn Belt. Dressed delivered prices were $270.
Choice boxed beef cutout value was $1.83 lower Wednesday at 291.48/cwt. Select was 87¢ lower at $260.32/cwt.
Grain futures closed lower Wednesday on likely profit taking.
Corn futures closed mostly 2¢ to 3¢ lower.
KC HRW Wheat futures closed mostly 11¢ lower
Soybean futures closed unchanged to 3¢ higher through Nov ’24 and then 1¢ to to 2¢ lower.
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