Cattle futures closed mainly higher Friday, supported by firm negotiated cash fed cattle prices.

Live Cattle futures  closed an average of $1.06 higher. Feeder Cattle futures closed narrowly mixed, from an average of $1.54 higher.

Week to week on Friday, Feeder Cattle futures closed an average of $1.95 higher. Live Cattle futures closed an average of 64¢ higher, except for an average of 67¢ lower in the front three contracts.

Negotiated cash fed cattle trade was mostly inactive on moderate demand through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices are steady to $1 higher in Kansas at $229/cwt., $2 higher in Nebraska at $230, and $1 higher in the western Corn Belt at $229.

Dressed delivered prices were steady to $2 lower in Nebraska at $356. Dressed delivered prices in the western Corn Belt the previous week were $356-$358.

Choice boxed beef cutout value was $3.41 lower Friday afternoon at $351.21/cwt. Select was $1.95 lower at $343.80.

Estimated total cattle slaughter for the holiday-shortened week of 429,000 head was 158,000 head fewer than the previous week and 4,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 28.9 million head was 2.1. million head fewer (-6.8%) than the same time last year. Estimated year-to-date beef production of 25.3 billion pounds was 1.1 billion pounds less (-4.0%).

Grain and Soybean futures were mixed on Friday.

Corn futures closed fractionally lower to 1¢ lower in the front three contracts and then mostly fractionally higher.

KC HRW Wheat futures closedmostly unchanged to fractionally higher.

Soybean futures closed mostly 2¢ to 4¢ lower.