Cattle futures continued lower Thursday with follow-through pressure including negative outside markets, oversold conditions and perhaps some month-end profit taking.

Heading into the close and before settlement, Live Cattle futures were an average of 75¢ lower. Feeder Cattle were an average of 78¢ lower.

Negotiated cash fed cattle trade ranged from light on light demand to mostly inactive on light demand through Thursday afternoon, according to the Agricultural Marketing Service. Although too few to trend, there some early FOB live trades in the Southern Plains at $186/cwt.

Last week, FOB live prices were $187 in the Southern Plains, $192 in Nebraska and $190-$192 in the western Corn Belt.

Dressed delivered prices were $304 in Nebraska and $302-$304 in the western Corn Belt.

Choice boxed beef cutout value was 42¢ higher Thursday afternoon at $314.04/cwt. Select was 4¢ lower at $302.52/cwt.

Grain futures closed lower again Thursday as traders pondered the improved planting and weather outlook.

Heading into the close Tuesday, through Jly ‘25, Kansas City Wheat futures were 6¢ to 10¢ lower.  Corn futures were 6¢ to 8¢ lower. Soybean futures mostly 5¢ to 7¢ lower.