Cattle futures softened Thursday with pressure including the recent free-fall in Choice wholesale beef values and relatively light volume.
Feeder Cattle futures closed an average of $1.08 lower.
Live Cattle futures closed an average of 44¢ lower.
Negotiated cash fed cattle trade ranged from slow on light demand to a standstill through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
So far this week, FOB live prices are $2-$3 higher in Nebraska at $175/cwt. and $3 higher in the western Corn Belt at $175. Dressed delivered prices in Nebraska are $2 higher at $275.
Last week, FOB live prices were $172 in the Southern Plains. Dressed delivered prices in the western Corn Belt were $273.
Choice boxed beef cutout value was $2.13 lower Thursday afternoon at 275.90/cwt. Select was 3¢ lower at $258.82/cwt.
Wheat futures closed higher on thoughts the bottom might be in, helping Corn futures edge higher.
Corn futures closed mostly fractionally mixed to 1¢ higher.
KC HRW Wheat futures closed mostly 2¢ to 4¢ higher.
Soybean futures closed 4¢ to 9¢ lower through Jan ’26.
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