Cattle futures closed lower Friday, pressured by technicals and the week’s lower cash fed cattle prices.

Live Cattle futures were an average of $1.91 lower ($1.22 to $2.62 lower). Week to week, they were an average of $1.21 lower (35¢ to $2.85 lower).

Feeder Cattle futures were an average of $4.62 lower on Friday. Week to week, they were an average of $3.53 lower.

Negotiated cash fed cattle trade was moderate on moderate demand in all major cattle feeding regions through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices are $1 lower in the Texas Panhandle at $185/cwt. in the Texas Panhandle and steady to $2 lower in Kansas at $185, $3 lower in Nebraska at $190 and $2-$6 lower in the western Corn Belt at $187-$191. Dressed delivered prices were $4-$7 lower in Nebraska at $298-$301 and $7-$9 lower in the western Corn Belt at $296-$298.

Choice boxed beef cutout value was 51¢ lower Friday afternoon, but $4.74 higher week to week. Select was 56¢ higher Friday and $4 higher week to week.

Grain and soybean futures were mostly lower Friday amid the familiar pressure of the optimistic yield projections and ongoing sluggish export demand.

Corn futures closed mostly 3¢ to 4¢ lower. Kansas City Wheat futures mostly 2¢ to 4¢ higher. Soybean futures closed 10¢ to 12¢ lower through Aug ’25 and then 7¢ to 8¢ higher.