Cattle futures closed higher Wednesday with prospects of higher cash trade again this week.

Live Cattle futures closed an average of $1.42 higher ($1.17 to $2.10 higher) amid heavy volume.

Feeder Cattle futures closed an average of $1.84 higher ($1.30 higher at the front to $2.17 higher at the back).

Negotiated cash fed cattle trade was at a standstill through Wednesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $185-$186/cwt. Dressed delivered prices were $292-$300 in Nebraska and $292 in the western Corn Belt.

Choice boxed beef cutout value was 77¢ lower Wednesday afternoon at $309.82/cwt. Select was $1.44 higher at $301.04/cwt.

Corn futures closed mostly fractionally higher.

KC HRW Wheat futures closed 4¢ to 9¢ lower.

Soybean futures closed mostly fractionally lower to 1¢ lower.