Cattle futures gained Thursday with higher cash fed cattle prices and stronger Choice wholesale beef values.  

Toward the close, Live Cattle futures were an average of $1.22 higher. Feeder Cattle futures were an average of $2.83 higher.

Negotiated cash fed cattle trade was light to moderate on very good demand in Nebraska and the western Corn Belt through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $3-$5 higher at $225-$228/cwt. Dressed delivered prices were mainly $5 higher in Nebraska at mostly $355. There were some early dressed delivered trades in the western Corn Belt at $355-$360, but too few to trend; prices were $350 last week.

Trade in the Southern Plains was limited on good demand with too few transactions to trend. So far this week, FOB live prices are steady to $1 higher in the Texas Panhandle at $218-$219 and steady to $2 higher in Kansas at $218-$220.

Choice boxed beef cutout value was $1.74 higher Thursday afternoon at $347.90/cwt. Select was 80¢ lower at $333.20.

Grain and Soybean futures were mixed Thursday with planting progress once again pressuring grains, while the same fast pace and notions of less crop swapping favored Soybeans.

Toward the close and through Mar ‘26 contracts, Corn futures were fractionally lower to 2¢ lower. Kansas City Wheat futures were mostly 4¢ to 5¢ lower. Soybean futures were mostly 2¢ to 5¢ higher.