Cattle futures closed narrowly mixed Monday, unable to get much lift from stronger cash prices or last week’s massive total cattle slaughter of an estimated 679,000 head under federal inspection.
Live Cattle futures closed narrowly mixed, from an average of 11¢ lower to an average of 18¢ higher.
Feeder Cattle futures closed narrowly mixed, from an average of 19¢ lower to an average of 32¢ higher.
Wholesale beef values were lower on light demand and moderate to heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 92¢ lower Monday afternoon at $223.64/cwt. Select was 81¢ lower at $206.49.
Corn futures closed fractionally lower to 1¢ lower.
Soybean futures closed mostly 5¢ to 7¢ higher.