Cattle futures moved lower Thursday with the lack of weekly cash fed cattle trade direction and perhaps wariness over Friday’s Cattle on Feed report.

Toward the close, Feeder Cattle futures were an average of $2.97 lower. Live Cattle futures were an average of $1.81 lower.       

Negotiated cash fed cattle trade ranged from a standstill in the Texas Panhandle to light on light demand elsewhere through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191-$192/cwt. in the Texas Panhandle, $191 in Kansas, $195 in Nebraska and $193-$196 in the western Corn Belt. Dressed delivered prices were $300-$305.

Choice boxed beef cutout value was $5.85 higher Thursday afternoon at $320.69/cwt. Select was $1.44 lower at $284.11.

Grain and Soybean futures closed mixed Thursday, with a bounce in Soybeans after recent aggressive selling.

Toward the close and through Sep ’25 contracts, Soybean futures were 11¢ to 13¢ higher. Corn futures were 2¢ to 3¢ higher. Kansas City Wheat futures were 5¢ to 6¢ lower.