Cattle futures were sharply higher Thursday, buoyed by stronger wholesale beef values and the prospects of steady to higher cash fed cattle trade again this week.

Toward the close, Feeder Cattle futures were an average of $3.79 higher. Live Cattle futures were an average of $2.47 higher.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Southern Plains to a standstill in North through Thursday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191/cwt., in the Southern Plains on a light test, $195-$195.50 in Nebraska and $195-$196 in the western Corn Belt. Dressed delivered prices were $305.

Choice boxed beef cutout value was $4.41 higher Thursday afternoon at $320.39/cwt. Select was $2.02 higher at $288.77.

Grain and Soybean futures bounced higher Thursday, perhaps with short covering and perceived value buying.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 6¢ higher. Kansas City Wheat futures were 8¢ higher. Soybean futures were 12¢ to 16¢ higher.