Cattle futures were mostly higher Friday, supported by last week’s higher cash fed cattle trade and stronger wholesale beef values.
Toward the close, Feeder Cattle futures were an average of 45¢ higher, except for an average of 12¢ lower at either end of the board. Live Cattle futures were an average of 44¢ higher.
There was no Monday afternoon USDA fed cattle sale summary available at press time.
Last week, FOB live prices were $191/cwt. in the Southern Plains, $191-$192 in Nebraska and $190 in the western Corn Belt.
Dressed delivered prices in the western Corn Belt were $297. Prices in Nebraska the previous week were $295.
The five-area direct weighted average FOB live steer prices last week was 93¢ higher at $190.90. The weighted average dressed delivered steer price was 57¢ higher at $297.21.
Choice boxed beef cutout value was $2.10 higher Monday afternoon at $314.14/cwt. Select was $2.61 higher at $279.34.
Grain and Soybean futures closed mixed Monday.
Toward the close and through Sep ’25 contracts, Corn futures were mostly 1¢ to 2¢ higher. Kansas City Wheat futures were 4¢ to 5¢ higher. Soybean futures were 1¢ to 4¢ lower.
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Major U.S. financial indices closed lower on Monday led by tech stocks.
The Dow Jones Industrial Average closed 240 points lower. The S&P 500 closed 37 points lower. The NASDAQ was down 123 points.
Through midafternoon, West Texas Intermediate Crude Oil futures on the CME were 80¢ to 98¢ higher through the front six contracts.