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Negotiated cash fed cattle prices ended last week generally steady to $1 higher. FOB live prices were generally $186-$187/cwt. in Kansas, $187 in the Texas Panhandle and $187-$188 in the North. Dressed delivered prices were steady at $296.

Cattle futures closed mixed on Friday but higher week to week. Live Cattle futures were an average of 25¢ lower, except for unchanged in away Dec. Feeder Cattle futures were an average of 48¢ higher (5¢ to $1.05 higher), except for an average of 34¢ lower in the front two contracts.

Week to week on Friday, Live Cattle futures closed an average of $1.03 higher (25¢ to $1.70 higher). Feeder Cattle futures closed an average of $2.69 higher (7¢ to $4.60 higher).

Choice boxed beef cutout value was $1.27 higher Friday afternoon at $311.12/cwt. Select was $2.01 lower at $288.72. Week to week on Friday, Choice was $8.64 higher and Select was $1.11 higher.

Estimated total cattle slaughter last week of 586,000 head was 25,000 head fewer than the previous week and 30,000 head fewer than the same week last year. Year-to-date total cattle slaughter of 24.5 million head was 975,000 head fewer (-3.8%). Year-to-date beef production of 20.7 billion pounds was 152.7 million pounds less (-0.7%).

Turning to crops, Grain and Soybean futures closed lower Friday, lacking support from the monthly World Agricultural Supply and Demand Estimates.

Corn futures closed mostly 1¢ to 3¢ lower. Kansas City Wheat futures were 4¢ to 6¢ lower. Soybean futures closed mostly 10¢ to 11¢ lower.