Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.
Live prices last week were $3 higher in the Southern Plains at $120, mostly $5 higher in Nebraska at mostly $123, $5 higher in the western Corn Belt at $123-$125 and at $120-$123 in Colorado, where there was no established market the previous week. Dressed prices were $5 higher in Nebraska at $195 and $6-$7 higher in the western Corn Belt at $195-$196.
Cattle futures closed narrowly mixed on Monday, firming after the profit-taking selloff that ended last week. Lower front-month Corn futures prices added support.
Live Cattle futures closed an average of 31¢ lower, except for an average of 9¢ higher in three contracts.
Feeder Cattle futures closed an average of 32¢ higher, except for 25¢ lower in spot Apr.
Choice boxed beef cutout value was 76¢ lower Monday afternoon at $271.41/cwt. Select was $2.09 higher at $266.16.
Corn futures closed 3¢ to 8¢ lower through the front three contracts and then mostly fractionally higher to 1¢ higher.
Soybean futures closed 12¢ to 21¢ lower through the front six contracts, and then mostly 5¢ to 9¢ lower.