Heading into Wednesday’s close, Cattle futures were recovering from the previous day’s losses, helped along by higher cash fed cattle trade in the north.

Live Cattle futures mixed, from an average of $1.86 higher.

Feeder Cattle futures were an average of $1.80 higher.

Negotiated cash fed cattle trade and demand were moderate in Nebraska  and slow on light demand in the western Corn Belt, through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $1-$2 higher in Nebraska at $184-$185/cwt. and steady to $2 higher in the western Corn Belt a $184-$186.

Dressed delivered prices were $1-$2 higher in Nebraska at $294. Dressed delivered prices in the western Corn Belt last week were $292.

So far this week, FOB live prices are steady in the Southern Plains at $282.

Choice boxed beef cutout value was $1.18 higher Thursday afternoon at $296.92/cwt. Select was 76¢  lower at $289.66/cwt.

Turning to row crops, heading into the close, Kansas City Wheat futures were 1¢ to 2¢ lower through Mar ’25 on likely profit taking and producer selling. Corn futures were fractionally higher to 1¢ lower through Jly ‘25. Soybean futures were mostly fractionally lower through May ‘25.