Although Cattle futures closed mixed on Monday, the rally in the session earlier hinted at some stability, and with the higher week-to-week close, the sense that the bottom might have been established.
Live Cattle futures closed narrowly mixed (25¢ lower to 17¢ higher).
Feeder Cattle futures closed mixed (an average of 35¢ lower—10¢-87¢ lower—except for 12¢-35¢ higher in three contracts).
Choice boxed beef cutout value was 73¢ higher Monday afternoon at $215.04/cwt. Select was $2.46 lower at $203.14.
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