Negotiated cash fed cattle trade was limited on very light demand in Nebraska and at a standstill in all other major feeding regions through Monday afternoon, according to the Agricultural Marketing Service.
Cattle futures edged higher Monday with stronger wholesale beef prices and optimism for pushing cash prices higher this week.
Live Cattle futures closed an average of 31¢ higher.
Feeder Cattle futures closed an average of 53¢ higher, from 7¢ higher in spot Aug to $1.05 higher at the back.
Choice boxed beef cutout value was $2.54 higher Money afternoon at $281.00/cwt. Select was $4.19 higher at $263.38/cwt.
CME Feeder Cattle Index $1.54 higher at $155.58
Rallying wheat futures led grains higher Monday.
Corn futures closed mostly 10¢ to 14¢ higher.
Soybean futures closed mostly 4¢ to 6¢ higher through Aug ‘22, and then mostly 11¢ to 17¢ higher.