Negotiated cash fed cattle trade was moderate with good demand in all regions through Wednesday afternoon, according to the Agricultural Marketing Service.
FOB live prices were $190/cwt. in all regions, which was $2-$3 higher in the Texas Panhandle, $3-$4 higher in Kansas, $2-$3 higher in Nebraska and $2-$5 higher in the western Corn Belt. Dressed delivered prices last week were at $290 in Nebraska and $290-$300 in the western Corn Belt.
Choice boxed beef cutout value was 31¢ lower Wednesday afternoon at $311.26/cwt. Select was $1.19 lower at $274.30.
Cattle futures closed higher Wednesday, supported by stronger cash fed cattle prices. Toward the close, Live Cattle futures were an average of 75¢ higher. Feeder Cattle futures were an average of 88¢ higher.
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