Negotiated cash fed cattle trade got off to a slow start for the week on Wednesday, but a start none the less. Established trade was steady at $150 in the Texas Panhandle on light demand and slow to limited trade.
Although too few to trend, there were some live sales in Kansas at $150 and some in Nebraska at $153/cwt.
Choice Boxed beef cutout value (p.m.): $1.27 lower at $257.09/cwt. Select was 41¢ lower at $231.35/cwt.
Cattle futures firmed and edged higher Wednesday. Feeder Cattle futures closed an average of 48¢ higher. Live Cattle futures closed an average of 56¢ higher.
Corn futures closed mixed, down fractionally to 1¢ through Sep ’23 then up fractionally to 1¢.
Soybean futures closed mostly 13¢ to 28¢ lower.
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