Cattle futures extended gains, supported by recently resurgent wholesale beef prices.
Heading into the close and before settlement, Live Cattle futures were an average of 26¢ higher. Feeder Cattle were an average of 47¢ higher.
Choice boxed beef cutout value was $2.38 higher Wednesday afternoon at $306.77/cwt. Select was 49¢ higher at $294.31/cwt.
Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $184/cwt. in the Texas Panhandle, $183-$185 in Kansas, $186-$187 in Nebraska and mostly $187 in the western Corn Belt. Dressed delivered prices were $295-$296 in Nebraska and mostly $295 in the western Corn Belt.
Turning to row crops, Grain futures were lower again on likely profit taking and producer selling.
Corn futures were 3¢ to 4¢ lower through Sep ’25. Kansas City Wheat futures mostly 7¢ lower through May ‘25. Soybean were mostly 1¢ to 4¢ lower through May ‘25.
Create your
podcast in
minutes
It is Free