Cattle futures gained Thursday, supported by steady to higher cash prices and a late-day bounce in outside markets.

Heading into the close, Live Cattle futures were an average of 87¢ higher. Feeder Cattle futures were an average of $1.67 higher.

Negotiated cash fed cattle trade ranged from slow on light demand to mostly inactive on light demand through Thursday afternoon, according to the Agricultural Marketing Service.

So far this week, Live FOB prices are steady to $1 higher in the Texas Panhandle at $181/cwt. and steady to $1 lower in Kansas at $180-$181.

Last week, FOB live prices were $180-$181 in Nebraska and $180-$183 in the western Corn Belt. Dressed delivered prices were $288 in Nebraska and $286-$288 in the western Corn Belt.

Choice boxed beef cutout value was 18¢ lower Thursday afternoon at $307.18/cwt. Select was $1.26 higher at $295.64.

Corn futures faded the increased yield projections in Thursday’s monthly World Agricultural Supply and Demand Estimates.

Toward the close and through Jly ’25 contracts, Corn futures were fractionally higher 7¢ higher in expiring spot Sept. Kansas City Wheat futures were mostly fractionally lower. Soybean futures were 7¢ to 11¢ higher.