Cattle futures continued higher Wednesday, supported by recently stronger cash fed cattle and wholesale beef prices. The next two trading sessions appear to be wild cards as traders position ahead of Friday’s monthly Cattle on Feed report and the three-day weekend.

Heading into the close and before settlement, Live Cattle futures were an average of $1.07 higher. Feeder Cattle were an average of $2.29 higher.

Negotiated cash fed cattle trade ranged from a standstill in Nebraska to slow on light demand in Kansas through Wednesday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there were some early FOB live trades in the Kansas at $187/cwt.

Last week, FOB live prices were $186/cwt. in the Southern Plains, $190 in Nebraska and $190 in the western Corn Belt with a few up to $191. Dressed delivered prices were $298 in Nebraska and mostly $300 in the western Corn Belt with a few up to $306.

Choice boxed beef cutout value was 85¢ lower Wednesday after noon at $312.17/cwt. Select was $1.26 lower at $299.61/cwt.

Turning to row crops, Corn futures were 1¢ to 3¢ higher through May ‘25. Kansas City Wheat futures 1¢ to 5¢ lower through May ’25. Soybean futures were 4¢ to 11¢ higher through May ’25.