Cattle futures were mixed on Wednesday.

Toward the close, Live Cattle futures were an average of 65¢ lower, pressured in part by weakening post-holiday wholesale beef values.

Feeder Cattle futures were an average of $1.14 higher, except for an average of 72¢ lower in three contracts with support from the cash market.

Negotiated cash fed cattle trade was mostly inactive on light demand in Kansas and in the North through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $255/cwt. in Kansas, $255-$256 in Nebraska and mostly $255 in the western Corn Belt. Dressed delivered prices were mostly $403. The previous week, FOB live prices in the Texas Panhandle were $258.

Choice boxed beef cutout value was $4.57 lower Wednesday afternoon at $381.20/cwt. Select was $2.80 lower at $363.09.

Grain and Soybean futures were lower Wednesday with profit taking from the recent surge higher.

Toward the close and through near Mar contracts Corn futures were 7¢ to 10¢ lower.  Soybean futures were mostly 4¢ to 9¢ lower. Kansas City HRW Wheat futures were mostly 9¢ to 10¢ lower.