Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.
Last week, live prices were $2 higher in the Texas Panhandle at $160/cwt., $2 higher in Kansas at $160-$161, $1-$2 higher in Nebraska at $157-$160 and steady to $64 higher in the western Corn Belt at $160. Dressed prices were $4 higher at $254.
Last week’s stronger cash trade and recently higher wholesale beef values helped lift Cattle futures Monday.
Live Cattle futures closed an average of 77¢ higher.
Feeder Cattle futures closed an average of 77¢ higher.
Choice boxed beef cutout value was 29¢ higher Monday afternoon at $269.95/cwt. Select was $1.92 higher at $256.21/cwt.
Corn futures closed mostly 1¢ to 4¢ higher through Jly ‘24 and then mostly unchanged to fractionally higher.
Soybean futures closed 2¢ to 3¢ higher.
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