Cattle futures continued to unwind Thursday, pressured by declining wholesale beef value and lower cash trade in the South.

Before settlement, Live Cattle futures were an average of 61¢ lower. Feeder Cattle futures were an average of $1.94 lower.

Negotiated cash fed cattle trade was slow on light demand in the Southern Plains through Wednesday afternoon, according to the Agricultural Marketing Service. FOB live prices were $2 lower at$188/cwt.

Elsewhere, trade ranged from limited on light demand to inactive on light demand with too few transactions to trend.

The previous week, FOB live prices were $198 in Nebraska and $198-$200 in the western Corn Belt. Dressed delivered prices were $314 in Nebraska and $312-$315 in the western Corn Belt.

Choice boxed beef cutout value was $1.61 lower Wednesday afternoon at $324.05/cwt. Select was 37¢ lower at $303.94/cwt.

Grain and Soybean futures continued lower Wednesday ahead of Friday’s monthly World Agricultural Supply and Demand Estimates.

Toward the close and through Jly ’25 contracts, Corn futures were 3¢ lower to 5¢ higher.  Kansas City Wheat futures were mostly 12¢ to 13¢ lower. Soybean futures were 13¢ to 25¢ lower.