Negotiated cash fed cattle trade was active on very good demand in the North through Friday afternoon, according to the Agricultural Marketing Service. FOB live prices were $7 higher in Nebraska at $210-$212/cwt. and $6-$7 higher in the Western Corn Belt at $210-$212. Dressed delivered prices were $6-$8 higher In Nebraska at $328-$330 (a few up to $339) and $8-$10 higher in the western Corn Belt at $330 (a few up to $338).

Trade in the Southern Plains was mostly inactive on light demand with too few transactions to trend. For the week FOB live prices were steady in Kansas at $201. The previous week, FOB live prices were steady in the Texas Panhandle at $201.

Choice boxed beef cutout value was $3.04 lower Friday afternoon at $327.92/cwt. Select was 92¢ lower at $316.29. Week to week, Choice was $5.77 lower and Select was $3.54 lower.

Sharply higher cash fed cattle prices helped Cattle futures continue their upward trend on Friday.

Feeder Cattle futures were an average of $2.12 higher ($1.15 to $3.00 higher). Live Cattle futures were an average of $1.11 higher (10¢ higher to $3.67 higher in spot Feb).

Week to week on Friday, Live Cattle futures closed an average of $4.02 higher across a broad range and Feeder Cattle futures closed an average of $5.29 higher across a broad range.

Corn and Soybean futures retreated Friday on likely profit taking and Argentina’s reduction in export taxes for domestic producers.

Corn futures were mostly 2¢ to 3¢ lower through Jly ’26 and then 1¢ lower.

Soybean futures were 7¢ to 9¢ lower through near Aug and then mostly 3¢ lower.

Kansas City Wheat futures were 10¢-11¢ lower through May ’26.