Cattle futures sputtered during Wednesday’s holiday-shortened session.

Toward the close, Live Cattle futures were an average of 75¢ lower.

Feeder Cattle futures were narrowly mixed, from an average of 26¢ lower in five contracts to an average of 32¢ higher.

Negotiated cash fed cattle trade ranged from moderate on moderate demand in Nebraska to limited on light to moderate demand in the western Corn Belt to mostly inactive on moderate demand in Kansas through Wednesday afternoon, according to the Agricultural Marketing Service.

So far this week, FOB live prices are steady to $1 higher in Kansas at $229 and $2 higher in Nebraska at $230, where dressed delivered prices are steady at $356-$358.

Last week, FOB live prices in the western Corn Belt were $228 and dressed delivered prices were $356-$358.

Choice boxed beef cutout value was $1.15 lower Wednesday afternoon at $354.62/cwt. Select was $3.84 lower at $345.75.

Grain and Soybean futures were higher Wednesday with likely technical buying.

Toward the close, through near Jly contracts, Corn futures were 2¢ to 3¢ higher. KC HRW Wheat futures were 6¢ higher. Soybean futures were 11¢ to 12¢ higher.