Cattle futures continued to gain Wednesday, helped by positive outside markets.

Toward the close, Live Cattle futures were an average of 50¢ higher. Feeder Cattle futures were an average of $2.05 higher.

Negotiated cash fed cattle trade was inactive on light demand in all cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were mainly $238/cwt. in the Southern Plains and mostly $235 in the North. Dressed delivered prices were mostly $372.

Choice boxed beef cutout value was $1.07 lower Wednesday afternoon at $394.42/cwt. Select was 34¢ lower at $392.59.

Grain and Soybean futures were lower Wednesday on retreating Crude Oil prices and reduced risk premium.

Toward the close, and through near Dec contracts, Kansas City HRW Wheat futures were 19¢ to 22¢ lower. Corn futures were 4¢ lower. Soybean futures were 3¢ to 5¢ lower through near Nov.