Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Thursday afternoon, according to the Agricultural Marketing Service.

So far, this week, FOB live prices are $4-$6 lower in Nebraska at $236/cwt. and $3-$4 lower in the western Corn Belt at $236-$238. Dressed delivered prices are $4 lower at $376.

Last week, FOB live prices were $235.00/cwt. in the Southern Plains.

Choice boxed beef cutout value was $4.92 higher Thursday afternoon at $393.79. Select was $1.85 higher at $374.59.

Futures markets were closed Thursday.

Through midday Friday, Cattle futures were trading higher, supported by strong wholesale beef values and perhaps positioning ahead of the monthly Cattle on Feed report. Depending on the source, estimates ahead of the report pegged May placements at about 6% less year over year, May marketings at 10% less and the June 1 feedlot inventory at about 1% less.

Feeder Cattle futures were an average of $1.57 higher. Live Cattle futures were an average of 96¢ higher.

In the grain complex, also through midsession Friday, Corn futures were trading mostly 1¢ to 2¢ lower. Kansas City Wheat futures were 3¢ to 5¢ lower through Jly ’26. Soybean futures were 3¢ to 6¢ lower through Jly ’26.