Cattle futures were mixed but mostly higher Monday.
Toward the close, Live Cattle futures were narrowly mixed, from an average of 53¢ lower to an average of 42¢ higher.
Feeder Cattle futures were an average of $1.43 higher.
Negotiated cash fed cattle trade was inactive on light to moderate demand in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were mainly steady to $1 higher in the Texas Panhandle at mostly $246/cwt., steady to $3 higher in Kansas at $246-$249 on a light test, $3-$4 higher in Nebraska at mostly $248-$249 and mainly $3 higher in the western Corn Belt at mostly $248. Dressed delivered prices were $3-$5 higher in Nebraska at $388-$390 and mostly $3 higher in the western Corn Belt at mainly $388.
Choice boxed beef cutout value was $1.02 higher Monday afternoon at $381.92/cwt. Select was $2.30 higher at $383.64.
Grain futures were mixed Monday.
Toward the close, and through near Dec contracts, Kansas City HRW Wheat futures were mostly 9¢ to 12¢ higher with disappointment in weekend moisture. Corn futures were unchanged to fractionally mixed. Soybean futures were 9¢ to 15¢ lower.
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