Cattle futures were lower Thursday, giving back a fair bit of the previous day’s gains as equity markets lost ground.

Toward the close, Live Cattle futures were an average of $2.09 lower. Feeder Cattle futures were an average of $2.50 lower.

Negotiated cash fed cattle trade was slow on slow to moderate demand in Nebraska through Thursday afternoon, according to the Agricultural Marketing Service. So far this week, FOB live prices are $2-$5 lower at $208/cwt. and dressed delivered prices are $7-$8 lower at $327-$328.

Elsewhere, trade ranged from limited on light demand to a standstill with too few transactions to trend.

Last week, FOB live prices were $208 in the Southern Plains and $210-$213 in the western Corn Belt, where dressed delivered prices were $335.

Grain and Soybean futures were mixed Thursday with Corn and Soybeans receiving support from lower ending stocks in the latest World Agricultural Supply and Demand Estimates (see below).

Toward the close and through Sep ’25 contracts,

Corn futures were 3¢ to 8¢ higher. Soybean futures were 8¢ to 15¢ higher. Kansas City Wheat futures were 9¢ to 11¢ lower.