Cattle futures closed mainly higher Friday, with week-to-week gains supported by stronger cash fed cattle prices and wholesale beef values.
Feeder Cattle futures were an average of $1.24 higher. Week to week, they were an average of $4.60 higher; an average of $11.51 higher over the past two weeks.
Live Cattle futures were an average of 51¢ higher (2¢ to 75¢ higher), except for 2¢ lower in spot Dec. Week to week they were an average of $1.19 higher.
Negotiated cash fed cattle trade was inactive on very light demand in all regions through Friday afternoon, according to the Agricultural Marketing Service.
For the week, FOB live prices were $2-$3 higher in the Texas Panhandle at $190/cwt., $3-$4 higher in Kansas at $190, $3-$4 higher in Nebraska at $190-$192 and $2-$5 higher in the western Corn Belt at $185-$190. Dressed delivered prices were $5 higher in Nebraska at $290 and $4-$5 higher in the western Corn Belt at $294-$305.
Choice boxed beef cutout value was 74¢ lower Friday afternoon at $310.52/cwt. Select was unchanged at $274.30. Week to week, Choice was $3.11 higher and Select was up $2.23.
Year-to-date estimated total cattle slaughter last week of 28.7 million head was 1.1 million head less (-3.6%) than the same time last year. Year-to-date estimated beef production was 110.5 million pounds less (-0.5%).
Grain and Soybean futures closed mixed Friday.
Corn futures closed 3¢ to 7¢ higher through Jly ’25 and then mostly fractionally higher to 1¢ higher.
Kansas City Wheat futures closed mostly 2¢ to 5¢ lower.
Soybean futures closed mostly 2¢ to 3¢ lower.
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