Cattle futures closed narrowly mixed Monday with traders appearing to view Friday’s Cattle on Feed report as neutral.

Toward the close, Feeder Cattle futures were an average of 31¢ higher. Live Cattle futures were narrowly mixed, from an average of 42¢ lower to an average of 11¢ higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191/cwt., in the Southern Plains on a light test, $195-$195.50 in Nebraska and $195-$196 in the western Corn Belt. Dressed delivered prices were $305.

The weekly weighted average five-area direct FOB live steer price was 42¢ higher at $194.73. The weighted averaged dressed delivered steer price was $2.20 higher at 305.64.

Choice boxed beef cutout value was 13¢ higher Monday afternoon at $315.98/cwt. Select was 84¢ higher at $286.75.

The grain complex was mixed Monday.

Toward the close and through Sep ’25 contracts, Soybean futures were mostly 3¢ to 5¢ lower. Corn futures were unchanged to 2¢ higher. Kansas City Wheat futures were 6¢ higher.

Cattle futures closed higher Friday, helped along by rebounding outside markets and steady to higher cash fed cattle prices.  .

Feeder Cattle futures were an average of $1.26 higher. Live Cattle futures were an average of $1.14 higher (62¢ higher at the back to $1.85 higher toward the front).   

Week to week on Friday, Live Cattle futures closed an average of $2.00 lower ($1.00 to $3.62 lower). Feeder Cattle futures closed an average of $1.63 lower.

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Southern Plains to slow on light to moderate demand elsewhere, according to the Agricultural Marketing Service.

For the week, FOB live prices were steady in Kansas at $191/cwt., unevenly steady in Nebraska at $195-$195.50 and steady to $2 higher in the western Corn Belt at $195-$196. Dressed delivered prices were $305, which was steady to $5 higher in Nebraska and steady to $3 higher in the western Corn Belt. FOB live prices in the Texas Panhandle the previous week were $191-$192 in a light test.

Choice boxed beef cutout value was $4.84 lower Friday afternoon at $315.85/cwt. Select was $1.80 higher at $285.91.

Estimated total cattle slaughter last week of 617,000 head was 8,000 head more than the previous week but 4,000 head less than the same week last year. Year-to-date estimated total cattle slaughter of 30.6 million head was 1.1 million head less (-3.6%) year over year. Estimated year-to-date beef production of 26 billion pounds was 121.3 million pounds less (-0.5%).

Soybean futures were 10¢ to 13¢ higher through Aug ’26 and then mostly 7¢ to 8¢ higher, supported by short covering. Corn futures closed mostly 3¢ to 5¢ higher. Kansas City Wheat futures closed mostly fractionally higher to 1¢ higher.

Cattle futures moved lower Thursday with the lack of weekly cash fed cattle trade direction and perhaps wariness over Friday’s Cattle on Feed report.

Toward the close, Feeder Cattle futures were an average of $2.97 lower. Live Cattle futures were an average of $1.81 lower.       

Negotiated cash fed cattle trade ranged from a standstill in the Texas Panhandle to light on light demand elsewhere through Thursday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191-$192/cwt. in the Texas Panhandle, $191 in Kansas, $195 in Nebraska and $193-$196 in the western Corn Belt. Dressed delivered prices were $300-$305.

Choice boxed beef cutout value was $5.85 higher Thursday afternoon at $320.69/cwt. Select was $1.44 lower at $284.11.

Grain and Soybean futures closed mixed Thursday, with a bounce in Soybeans after recent aggressive selling.

Toward the close and through Sep ’25 contracts, Soybean futures were 11¢ to 13¢ higher. Corn futures were 2¢ to 3¢ higher. Kansas City Wheat futures were 5¢ to 6¢ lower.

Cattle futures were lower Wednesday as wholesale beef values weakened, outside markets turned negative, and perhaps with some early positioning ahead of Friday’s Cattle on Feed report.

Toward the close, Feeder Cattle futures were an average of 72¢ lower. Live Cattle futures were an average of 79¢ lower.

Negotiated cash fed cattle trade ranged from light on light demand in Nebraska to inactive on very light demand elsewhere through Wednesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $191-$192/cwt. in the Texas Panhandle, $191 in Kansas, $195 in Nebraska and $193-$196 in the western Corn Belt. Dressed delivered prices were $300-$305.

Choice boxed beef cutout value was 79¢ lower Wednesday afternoon at $314.84/cwt. Select was $2.95 lower at $285.55.

Grain and Soybean were lower again on Wednesday, once again led by Soybeans.

Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 6¢ lower. Kansas City Wheat futures were 3¢ to 4¢ lower. Soybean futures were 24¢ to 26¢ lower.

Cattle futures firmed but closed mixed on Tuesday.

Toward the close, Feeder Cattle futures were an average of $1.80 higher. Live Cattle futures were narrowly mixed from an average of 21¢ lower, to an average of 19¢ higher.

Given the temporary suspension of Mexican cattle imports, and the timing late last month, it will be interesting to see how traders position ahead of Friday’s Cattle on Feed report. Depending on the source, analyst estimates ahead of the report see November placements about 4% less year over year and marketings down about 2%, leaving cattle on feed Dec. 1 about even.

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

Last week, FOB live prices were $191-$192/cwt. in the Texas Panhandle, $191 in Kansas, $195 in Nebraska and $193-$196 in the western Corn Belt. Dressed delivered prices were $300-$305.

Choice boxed beef cutout value was $1.74 lower Tuesday afternoon at $315.63/cwt. Select was $1.07 lower at $288.50.

Grain and Soybean futures softened Tuesday.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ lower. Kansas City Wheat futures were 6¢ to 7¢ lower. Soybean futures were 6¢ to 8¢ lower.

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

Last, FOB live prices were $1 higher in the Texas Panhandle at $191-$192/cwt, steady in Kansas at $191, $4-$6 higher in Nebraska at $196 and $3-$4 higher in the western Corn Belt at $193-$196. Dressed delivered prices were $3-$8 higher in Nebraska at $300-$305 and $5-$8 higher in the western Corn Belt at $302-$305.

The weighted average five-area direct FOB live fed steer price last week was $3.41 higher at $194.31/cwt. The weighted averaged dressed delivered fed steer price was $6.23 higher at $297.21.

Choice boxed beef cutout value was 98¢ higher Monday afternoon at $317.37/cwt. Select was $5.71 higher at $289.57.

Cattle futures closed lower Monday with likely profit taking.

Toward the close, Feeder Cattle futures were an average of $1.37 lower. Live Cattle futures closed mixed, from an average of 75¢ lower across a broad range with most of the pressure in the front three contracts.    

Grain and Soybean futures were mixed Monday.

Toward the close and through Sep ’25 contracts,

Corn futures were 1¢ to 3¢ higher. Kansas City Wheat futures were fractionally lower to 1¢ higher. Soybean futures were 5¢ to 8¢ lower

Negotiated cash fed cattle trade ranged from limited on light demand to inactive on very light demand through Friday afternoon, according to the Agricultural Marketing Service.

For the week, FOB live prices were $1 higher in the Texas Panhandle at $191-$192/cwt, steady in Kansas at $191 and $4-$5 higher in Nebraska and the western Corn Belt at $195-$196/cwt. Dressed delivered prices were $8 higher in Nebraska at $305 on a light test and $5 higher in the western Corn Belt at $302.

Choice boxed beef cutout value was $1.15 higher Friday afternoon at $316.39/cwt. Select was $3.38 higher at $283.86. Week to week on Friday, Choice was $4.35 higher and Select was $7.13 higher.

Estimated total cattle slaughter last week of 609,000 head was 5,000 head fewer than the previous week and 38,000 head fewer than the same week last year. Year-to-date estimated total cattle slaughter of 30 million head was 1.1 million head less (-3.7%). Year-to-date estimated beef production of 25.5 billion pounds was 131.5 million pounds less (-0.5%).

Cattle futures closed mixed Friday, with Live Cattle supported by higher cash fed cattle prices and stronger wholesale beef values.

Feeder Cattle futures were an average of 66¢ lower. Live Cattle futures closed mixed, from an average of 93¢ higher in the front four contracts (22¢ to $1.52 higher) to an average of 21¢ lower.

Week to week on Friday, Live Cattle futures closed an average of $3.09 higher ($1.25 higher at the back to $6.27 higher in spot Dec). During the same period, Feeder Cattle futures closed an average of $2.17 higher (from 55¢ higher at the back to $3.00 higher toward the front).    

Grain and Soybean futures closed lower Friday with likely profit taking and farmer selling.

Corn futures closed mostly 1¢ to 2¢ lower. Kansas City Wheat futures closed mostly 4¢ to 5¢ lower. Soybean futures closed 5¢ to 8¢ lower.

Negotiated cash fed cattle prices climbed higher in the North Thursday where trade was slow with moderate to good demand through the afternoon, according to the Agricultural Marketing Service.

Compared to last week, FOB live prices were $4-$5 higher in Nebraska and the western Corn Belt at $195-$196/cwt. For the week, dressed delivered prices are $8 higher in Nebraska at $305 on a light test and $5 higher in the western Corn Belt at $302.

Trade in the Southern Plains through Thursday afternoon was mostly inactive on light demand. FOB live prices in Kansas earlier in the week were steady at $191. FOB live prices in the Texas Panhandle the previous week were $190-$191.

Choice boxed beef cutout value was $4.01 higher Thursday afternoon at $315.24/cwt. Select was $2.37 higher at $280.48.

Cattle futures softened Thursday, with some likely profit taking and despite higher cash fed cattle prices and stronger wholesale beef values.

Toward the close, Feeder Cattle futures were an average of $1.06 lower. Live Cattle futures were an average of 81¢ lower, except for unchanged in the spot contract.  

Grain and Soybean futures softened Thursday.

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 5¢ lower with likely profit taking and farmer selling. Kansas City Wheat futures were 4¢ lower. Soybean futures were mostly fractionally mixed.

Cattle futures continued higher Wednesday amid strong fundamentals and prospects for higher cash fed cattle trade this week.

Toward the close, Feeder Cattle futures were an average of $1.63 higher. Live Cattle futures were an average of $1.60 higher.  

Negotiated cash fed cattle trade ranged from mostly inactive on very light demand in the Southern Plains to limited on light demand in the North through Wednesday afternoon, according to the Agricultural Marketing Service. There were some early FOB live prices at $193/cwt. in Nebraska and the western Corn Belt but too few to trend.

Established trade so far this week is steady at $191 FOB live in Kansas.

Last week, FOB live prices were $190-$191 in the Texas Panhandle and $190-$192 in the North. Dressed delivered prices were $297.

Choice boxed beef cutout value was 31¢ lower Wednesday afternoon at $311.23/cwt. Select was $1.54 lower at $278.11.

Grain and Soybean futures firmed Wednesday, with follow-through support from the World Agricultural Supply and Demand Estimates, offset by chart resistance in Corn.

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ lower to 1¢ higher. Kansas City Wheat futures were mostly fractionally higher. Soybean futures were mostly 3¢ higher.

Cattle futures were strongly higher Tuesday, helped along by early indications of steady to higher cash prices.

Toward the close, Feeder Cattle futures were an average of $1.77 higher. Live Cattle futures were an average of $1.48 higher.      

Negotiated cash fed cattle trade was slow on light demand in Kansas through Tuesday afternoon, according to the Agricultural Marketing Service. FOB live prices were steady at $191/cwt.

Elsewhere, trade ranged from mostly inactive to a standstill.

Last week, FOB live prices were $190-$191 in the Texas Panhandle and $190-$192 in the North. Dressed delivered prices were $297.

Choice boxed beef cutout value was $2.41 lower Tuesday afternoon at $311.73/cwt. Select was 31¢ higher at $279.65.

Grain and Soybean futures were higher Tuesday, benefiting from the friendly World Agricultural Supply and Demand Estimates (see below).

Toward the close and through Sep ’25 contracts,

Corn futures were mostly 6¢ to 7¢ higher. Kansas City Wheat futures were mostly 6¢ higher. Soybean futures were 4¢ to 5¢ higher.

Cattle futures were mostly higher Friday, supported by last week’s higher cash fed cattle trade and stronger wholesale beef values.

Toward the close, Feeder Cattle futures were an average of 45¢ higher, except for an average of 12¢ lower at either end of the board. Live Cattle futures were an average of 44¢ higher.

There was no Monday afternoon USDA fed cattle sale summary available at press time.

Last week, FOB live prices were $191/cwt. in the Southern Plains, $191-$192 in Nebraska and $190 in the western Corn Belt.

Dressed delivered prices in the western Corn Belt were $297. Prices in Nebraska the previous week were $295.

The five-area direct weighted average FOB live steer prices last week was 93¢ higher at $190.90. The weighted average dressed delivered steer price was 57¢ higher at $297.21.

Choice boxed beef cutout value was $2.10 higher Monday afternoon at $314.14/cwt. Select was $2.61 higher at $279.34.

Grain and Soybean futures closed mixed Monday.

Toward the close and through Sep ’25 contracts, Corn futures were mostly 1¢ to 2¢ higher. Kansas City Wheat futures were 4¢ to 5¢ higher. Soybean futures were 1¢ to 4¢ lower.