Cattle futures lost ground Thursday, with likely profit taking, technical resistance and perhaps reaction to chatter about when cattle imports from Mexico might resume.

Negotiated cash fed cattle trade was active on good demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service, with FOB live prices unevenly steady at $202-$205/cwt. and dressed delivered prices $2 higher at $322.

Trade was light to moderate on moderate to good demand in the western Corn Belt with FOB live prices steady to $3 higher at $203-$205. Dressed delivered prices last week were $320.

In the Southern Plains, trade was light on light demand with too few transactions to trend. For the week, dressed delivered prices are $1 higher in the Texas Panhandle at $201 and steady to $1 higher in Kansas at $201.

Choice boxed beef cutout value was 73¢ lower Thursday afternoon at $333.41/cwt. Select was $1.34 higher at $319.38.

Cattle futures lost ground Thursday, with likely profit taking, technical resistance and perhaps reaction to chatter about when cattle imports from Mexico might resume.

Toward the close, Feeder Cattle futures were an average of $1.95 lower. Live Cattle futures were an average of $1.36 lower.

Corn and Soybean futures were lower Thursday with likely producer selling and profit taking.

Toward the close and through Sep ’25 contracts, Corn futures were 4¢ to 6¢ lower. Kansas City Wheat futures were 9¢ lower. Soybean futures were 19¢ to 22¢ lower.