Cattle futures were higher again Monday, as outside markets continued to improve.
Toward the close, Live Cattle futures were an average of $1.36 higher. Feeder Cattle futures were an average of $2.22 higher.
Negotiated cash fed cattle trade was at a standstill in all regions through Monday afternoon, according to the Agricultural Marketing Service.
For the week, FOB live prices were $4 lower in the Southern Plains at $204/cwt. and $2-$5 lower in the North at $208. Dressed delivered prices were $7-$8 lower at $327-$328.
Last week’s five-area direct weighted average FOB live fed steer price was $3.44 lower last week at $207.70/cwt. The weighted average dressed delivered fed steer price was $8.74 lower at $327.73.
Choice boxed beef cutout value was $1.41 higher Monday afternoon at $335.63/cwt. Select was $1.89 higher at $315.85.
Grain and Soybean futures softened Monday with likely profit taking.
Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 6¢ lower. Kansas City Wheat futures were 13¢ to 14¢ lower. Soybean futures were 1¢ lower to 1¢ higher.
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