Cattle futures closed limit-lower amid light trade and declining open interest and pressured by mounting concerns about beef packing production amid COVID-19.
Live Cattle futures closed limit-down $3.00.
Feeder Cattle futures closed limit-down $4.50.
Wholesale beef values were higher on good demand and moderate to heavy offerings, according to AMS.
Choice boxed beef cutout value was $1.93 higher Monday afternoon at $225.86/cwt. Select was $3.07 higher at $211.40.
Corn futures closed mostly fractionally lower
Soybean futures closed 5¢ to 9¢ lower through Mar ’21 and then mostly 2¢ to 3¢ lower.