The five-area direct weighted average steer price last week was $1.53 higher at $106.59/cwt. on a live basis, according to the Agricultural Marketing Service. The dressed steer price was $1.37 higher at $169.41.
Cattle futures closed lower on Monday, especially Feeder Cattle, pressured by Friday’s Cattle on Feed.
Live Cattle futures closed an average of 64¢ lower (22¢ to $1.15 lower).
Feeder Cattle futures closed an average of $1.32 lower (62¢ to $2.45 lower).
Choice boxed beef cutout value was $1.53 higher Monday afternoon at $227.47/cwt. Select was $2.26 higher at $211.25.
Corn futures closed mostly 2¢ to 4¢ higher.
Soybean futures closed mostly 1¢ to 3¢ higher.