Cattle futures softened Monday, led by Feeder Cattle, perhaps pressured by profit taking.
Toward the close, Feeder Cattle futures were an average of $2.31 lower. Live Cattle futures were an average of 40¢ lower, except for an average of 20¢ higher in the back two contracts.
Negotiated cash fed cattle trade was at a standstill in all regions through Monday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $2-$3 higher in the Texas Panhandle at $190/cwt., $3-$4 higher in Kansas at $190, $3-$4 higher in Nebraska at $190-$192 and $2-$5 higher in the western Corn Belt at $185-$190. Dressed delivered prices were $5 higher in Nebraska at $290 and $4-$5 higher in the western Corn Belt at $294-$305.
Choice boxed beef cutout value was $2.49 higher Monday afternoon at $313.01/cwt. Select was $2.70 higher at $277.00.
Grain and Soybean futures closed mixed Monday.
Toward the close and through Sep ’25 contracts, Corn futures were fractionally lower to 2¢ higher. Kansas City Wheat futures were fractionally lower to 2¢ higher. Soybean futures were 4¢ to 6¢ lower.
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