Cattle futures closed mostly narrowly mixed on Monday. They were pressured early in the session, but rather than crashing sharply lower in response to Friday’s Cattle on Feed report, they recovered most of the ground by the end of the day.
Live Cattle futures closed narrowly mixed (25¢ lower to 45¢ higher).
Except for unchanged in spot Oct and $1.20 lower in the back contract, Feeder Cattle futures closed an average of 25¢ lower.
Choice boxed beef cutout value was 61¢ lower Monday afternoon at $199.25/cwt. Select was 9¢ lower at $191.05.
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