Live and feeder cattle futures ended the holiday shortened week lower. Depressed cash cattle prices with only steady Choice beef prices (but lower Select) closed the week.
Corn futures finished lower. The first trading day of the week (Tuesday) saw markets much higher, but by the time it closed for the day they had completely engulfed the previous Friday's trading range and finished lower. Following that, prices drifted lower the remainder of the week. Weather concerns drove the market up early Tuesday but that fell apart quickly and pushed prices higher. Given that harvest is underway in the southern region of the U.S. (moving as far north as the southern Cornbelt) tells me that a weather premium might not be much of a premium anymore and that appears to be what played out this week.

Wholesale boxed beef prices were mixed again this week. Choice steadied out and finished with a weekly average of $195.9, up $0.03. Select was much lower and ended with an average of $181.79, down $2.22.