Cattle futures settled mostly nominally lower on Monday, following a two-side session with early pressure, a surge in support for Feeder Cattle and then running out of steam.
Except for 15¢ higher in the back contract, Live Cattle futures closed an average of 41¢ lower (5¢ to 62¢ lower).
Other than 85¢ lower in the back contract, Feeder Cattle futures closed narrowly mixed, mostly to the down side (22¢ higher to 37¢ lower).
Choice boxed beef cutout value was 6¢ lower on Monday afternoon at $205.53/cwt. Select was 31¢ lower at $185.66.
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