Cattle futures gained Wednesday with expanding open interest from fund buying.

Toward the close, Live Cattle futures were an average of $1.59 higher. Feeder Cattle futures were an average of $3.00 higher.

Negotiated cash fed cattle trade was mostly inactive on light demand in all major cattle feeding regions through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week FOB Live prices were $185/cwt. in the Southern Plains, mostly $187 in Nebraska and $186-$187 in the western Corn Belt. Dressed delivered prices were $292-$294.

Choice boxed beef cutout value was 36¢ lower Wednesday afternoon at $299.81/cwt. Select was $1.37 lower at $283.93.

Grain futures closed higher Wednesday, led by wheat with weather and war premium.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ higher. Kansas City Wheat futures were 17¢ to 19¢ higher. Soybean futures were 1¢ to 2¢ lower.