Cattle futures were higher Wednesday, buoyed by aggressively stronger equity markets.
Toward the close, Live Cattle futures were an average of $1.04 higher. Feeder Cattle futures were an average of $1.64 higher.
Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $190/cwt. in all regions with dressed delivered prices at $296-$298 in Nebraska and $298 in the western Corn Belt.
Choice boxed beef cutout value was $1.62 lower Wednesday afternoon at $315.59/cwt. Select was $2.04 lower at $283.20.
Grain and Soybean futures were mixed Wednesday.
Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 8¢ higher. Kansas City Wheat futures were 1¢ to 3¢ lower. Soybean futures were mixed, from 2¢ lower to 3¢ higher.
POWERED BY BLUBRRY
