Negotiated cash fed cattle prices continued to gain Wednesday with live prices $1 higher in the Texas Panhandle at $136/cwt., $1-$2 higher in Nebraska at $142-$143 and steady in Colorado at $141. Dressed prices in Nebraska are mostly $3-$4 higher at $225-$226, but a few up to $228. That was on moderate trade and demand, according to the Agricultural Marketing Service.
Trade was limited on moderate demand in the western Corn Belt. So far this week, live prices are steady to $2 higher at $141-$142. Dressed prices in the region last week were $222.
Stronger cash prices helped Cattle futures step higher.
Live Cattle futures closed an average of $2.10 higher, while Feeder Cattle futures closed an average of $2.29 higher.
Choice Boxed beef cutout value was 32¢ higher through Wednesday afternoon at $271.74/cwt. Select was 15¢ lower at $249.41.
Corn futures closed mostly 3¢ to 7¢ higher through new-crop contracts and then 1¢ to 6¢ lower.
Soybean futures closed mostly 9¢ to 18¢ higher.
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