Cattle futures were lower Wednesday, with overbought conditions and the lack of weekly cash direction.

Toward the close, Live Cattle futures were an average of 73¢ lower. Feeder Cattle futures were an average of $1.11 lower.

Negotiated cash fed cattle trade was slow on light demand in the western Corn Belt through Wednesday afternoon, according to the Agricultural Marketing Service. There were a few FOB live trades at $187/cwt., but too few to trend. Elsewhere, trade was at a standstill.

Last week, FOB live prices were $186 in the Southern Plains, $187 in Nebraska and $187-$188 in the western Corn Belt. Dressed delivered prices were $296.

Choice boxed beef cutout value was $1.34 higher Wednesday afternoon at $308.18/cwt. Select was 2¢ higher at $288.63.

Turning to grains, toward the close and through Sep ’25 contracts, Corn futures were fractionally mixed. Kansas City Wheat futures were 4¢ to 5¢ higher. Soybean futures were mostly 2¢ to 5¢ higher.