Cattle futures closed lower Monday on lackluster trade and static to declining open interest.
Feeder Cattle futures closed an average of $1.08 lower.
Live Cattle futures an average of 61¢ lower.
Negotiated cash fed cattle trade was at a standstill in all regions through Monday afternoon, according to the Agricultural Marketing Service.
Live FOB prices last week were steady at $180/cwt. in the Southern Plains and $188 in the north where dressed delivered prices were steady at $295.
Choice boxed beef cutout value was $2.89 higher Monday afternoon at $305.50/cwt. Select was $3.22 higher at $280.45/cwt.
Corn futures closed mostly fractionally higher to 1¢ higher.
Soybean futures closed mostly 10¢ to 18¢ higher.
KC HRW Wheat closed mostly 9¢ to 15¢ lower.