Cattle futures were lower Thursday, weighed down by bearish outside markets, tied to escalating energy prices and uncertainty stemming from the U.S.-Israel attack on Iran.

Toward the close, Live Cattle futures were an average of $2.25 lower. Feeder Cattle futures were an average of $5.54 lower ($3.05 to $6.42 lower).

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

Last week, FOB live prices were $235-$236/cwt. on a light test in the Texas Panhandle and mostly $235 elsewhere. Dressed delivered prices in the North were mainly $372.

Choice boxed beef cutout value was $1.45 lower Thursday afternoon at $400.30/cwt. Select was $3.72 lower at $392.45.

Corn and Soybean futures were higher Thursday, riding the coattails of Crude Oil futures prices and inflation concerns, while traders added weather premium to Hard Red Winter Wheat futures.

Toward the close, and through near Sep contracts, Corn futures were 5¢ to 6¢ higher. Soybean futures were 6¢ to 7¢ higher. Kansas City HRW Wheat futures were 4¢ higher.