Negotiated cash fed cattle trade was slow on light demand in the Southern Plains through Friday afternoon, according to the Agricultural Marketing Service. FOB live prices were steady at $190/cwt. in a light test.

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

The previous week, FOB live prices were mostly $198 in Nebraska and the western Corn Belt. Dressed delivered prices were mostly $312 but stretched as high as $317.

Choice boxed beef cutout value was 59¢ higher Friday afternoon at $330.43/cwt. Select was 68¢ higher at $305.06/cwt.

Cattle futures mainly drifted lower in light post-holiday trade on Friday.

Live Cattle futures closed an average of 20¢ lower, except for an average of 41¢ higher in the front two contracts.

Feeder Cattle futures closed an average of $1.49 lower.

Grain and Soybean futures rallied on Friday, with Wheat receiving support from export sales and Corn buoyed by a spottier rain forecast.

Corn futures closed mostly 3¢ to 4¢ higher. KC HRW Wheat closed 11¢ to 15¢ higher. Soybean futures closed mostly 6¢ to 8¢ higher.