The weekly five-area weighted average steer price last week was $101.34/cwt. on a live basis, which was $2.68 more than the previous week. The average dressed steer price was $163.20, which was $3.17 higher.
Stronger cash fed cattle prices and firmer wholesale beef values helped Cattle futures gain a little ground Monday.
Live Cattle futures closed an average of 67¢ higher.
Feeder Cattle futures closed an average of 32¢ higher (2¢ to 85¢ higher).
Choice boxed beef cutout value was $1.73 higher Monday afternoon at $207.20/cwt. Select was $1.18 higher at $193.93.
Corn futures closed 1¢ to 2¢ higher.
Soybean futures closed mostly 3¢ to 4¢ higher.