Cattle futures were mostly lower Wednesday, pressured by bearish outside markets and the lack of weekly cash direction.
Before settlement, Live Cattle futures were an average of 71¢ lower, except for unchanged to an average of 45¢ higher in the front three contracts. Feeder Cattle futures were an average of $1.79 lower.
Negotiated cash fed cattle trade ranged from limited 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 $188-$188.50/cwt. in the Texas Panhandle, 187-188 in Kansas and $196 in the North. Dressed delivered prices were $310/cwt.
Choice boxed beef cutout value was 53¢ lower Wednesday afternoon at $312.68/cwt. Select was $2.70 lower at $293.96/cwt.
Grain futures firmed Wednesday, while Soybean futures declined after recent gains.
Heading into the close, through Jly ’25 contracts, Corn futures were fractionally high to 1¢ higher. Kansas City Wheat futures were fractionally higher to 2¢ higher. Soybean futures were mostly 9¢ to 11¢ lower.
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