Cattle futures continued higher Friday, buoyed by lighter carcass weights due to the weather, higher cash fed cattle prices and strong wholesale beef values.
Feeder Cattle futures closed an average of $1.62 higher. Week to week, they were up an average of $7.64.
Live Cattle futures closed an average of 94¢ higher. They were an average of $3.70 higher week to week.
Negotiated cash fed cattle trade ranged from slow on light demand to a standstill through Friday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
For the week, FOB live prices were $1.50 higher in the Texas Panhandle at $175/cwt., $1-$2 higher in Kansas at $174-$175 (mostly $175), $2-$4 higher in Nebraska at $175-$177 and from $1 lower to $2 higher in the western Corn Belt at $174-$177. Dressed delivered prices were $3-$4 higher at $277.
Choice boxed beef cutout value was $1.85 higher Friday afternoon at $300.53/cwt. Select was $1.28 higher at $289.13/cwt. Week to week, Choice was $5.03 higher and Select was $6.08 higher.
Grain and soybean futures continued to chop in search of a low Friday.
Soybean futures closed 10¢ to 14¢ lower.
Corn futures closed 4¢ to 5¢ lower through Jly ’25.
KC HRW Wheat futures closed mostly 6¢ to 9¢ lower.
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