Negotiated cash fed cattle trade and demand were moderate in the Texas Panhandle through Thursday afternoon, according to the Agricultural Marketing Service. FOB live prices were $4 higher at $208/cwt.

Elsewhere, trade was limited on light-to-moderate demand with too few transactions to trend. However, private sources were reporting higher prices in the North, too.

Last week, FOB live prices were $204 in Kansas and $208 in the North, where dressed delivered prices were $327-$328.

Choice boxed beef cutout value was 63¢ lower Thursday afternoon at $332.90/cwt. Select was $2.00 higher at $316.39.

Cattle futures continued higher Thursday, supported by higher cash fed cattle prices.

Toward the close, Live Cattle futures were an average of 92¢ higher (12¢ higher toward the back to $2.67 higher in spot Apr), except for 25¢ lower in away-Aug.

Feeder Cattle futures were an average of $1.50 higher (22¢ higher toward the back to $3.37 higher in spot Apr), except for an average of 9¢ lower in the back two contracts.

Grain and Soybean futures were mainly lower Thursday, with likely profit taking and positioning ahead of the long weekend.

Toward the close and through Sep ’25 contracts, Corn futures fractionally lower to 1¢ lower. Kansas City Wheat futures were mostly 1¢ to 3¢ lower. Soybean futures were mostly 2¢ to 3¢ lower.