Cattle futures traded both sides Thursday but ended lower, with traders apparently awaiting this week’s negotiated cash fed direction.

Toward the close, Live Cattle futures were an average of $1.00 lower. Feeder Cattle futures were an average of $1.25 lower.

Negotiated cash fed cattle trade was mostly 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 $260/cwt. in the Texas Panhandle, $259-$260 in Kansas, $258-$265 in Nebraska and mostly $260 in the western Corn Belt. Dressed delivered prices were $408-$410 in Nebraska and mostly $410 in the western Corn Belt.

Choice boxed beef cutout value was $2.40 lower Thursday afternoon at $392.32/cwt. Select was $3.71 lower at $385.58.

Corn and Soybean futures followed Crude Oil prices higher on Thursday.

Toward the close, and through near Mar contracts, Corn futures were 3¢ to 5¢ higher. Soybean futures were 10¢ to 14¢ higher. Kansas City HRW Wheat futures were 3¢ to 4¢ lower.