Negotiated cash fed cattle trade ranged from a standstill to mostly inactive on very light demand through Monday afternoon with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, live prices were $142/cwt. in the Southern Plains and Colorado; $140 in Nebraska and the western Corn Belt. Dressed prices were $220.
Cattle futures closed mostly higher Monday, buoyed by higher outside markets, recently stronger cash prices and prospects of higher money this week.
Feeder Cattle futures closed an average of 91¢ higher.
Live Cattle futures closed an average of 40¢ higher, except for an average of 13¢ lower in two contracts toward the back.
Choice boxed beef cutout value was $1.83 lower Monday afternoon at $272.53/cwt. Select was 79¢ lower at $257.85.
Corn futures closed mainly fractionally lower to mostly fractionally higher.
Soybean futures closed 2¢ to 5¢ lower through the front six contracts and then mostly unchanged to fractionally mixed.