Cattle futures closed lower Friday, pressured by lower negotiated cash fed cattle prices, seasonally reluctant wholesale beef values, another New World screwworm case in Mexico creeping closer to the U.S. border, as well as week-end and month-end positioning.

Live Cattle futures closed an average of $2.17 lower. Feeder Cattle futures closed an average of $4.82 lower.

Week to week on Friday, Live Cattle futures closed an average of 67¢ lower. Feeder Cattle futures closed an average of $1.63 lower during the same period, extending the previous week’s steep decline.

Negotiated cash fed cattle prices lost ground on Friday, although the market had yet to be established in all regions through the afternoon, according to the Agricultural Marketing Service.

Trade was light on moderate demand in Nebraska, where FOB live prices were $3-$10 lower at $255/cwt. and $3-$5 lower in the beef (delivered) at $405.

Trade was limited on moderate demand in the Texas Panhandle and the western Corn Belt. Although too few transactions to trend, there were some early FOB live trades in the Texas Panhandle at $256 and in the western Corn Belt at $255-$258 with dressed delivered prices at $405.

Trade was inactive on moderate demand in Kansas.

The previous week, FOB live prices were $260 in the Texas Panhandle, $259-$260 in Kansas and mostly $260 in the western Corn Belt, where dressed delivered prices were mostly $410.

Choice boxed beef cutout value was 85¢ lower Friday afternoon at $391.47/cwt. Select was $2.40 lower at $383.18. Week to week on Friday, Choice boxed was $1.20 higher, but Select was $1.82 lower.

Corn and Soybean futures closed lower Friday, as traders took back war premium and positioned for the end of the week and the end of the month.

Corn futures closed mostly 6¢ to 9¢ lower through Jly ‘27. Week to week on Friday, they were an average of 12’1¢ lower through the front six contracts.

Soybean futures closed 3¢ to 7¢ lower through May ‘27.

Kansas City HRW Wheat futures closed 12¢ to 15¢ lower.