The average five-area direct fed steer price was $3.21 higher on a live basis last week at $112.44/cwt. The average steer price in the beef was $4.98 higher at $177.56.
Monday’s negotiated cash fed cattle trade summary was unavailable from AMS at press time.
Through Friday afternoon, prices were $3-$4 higher on a live basis in the Northern Plains at mostly $113/cwt. Dressed sales in Nebraska were $5 higher at $178.
On Friday, the Texas Cattle Feeders Association reported its members trading cattle at just over $2 more week to week: $112.80 for steers and $112.91 for heifers.
Softer Corn futures early on Monday, along with last week’s stronger cash prices, helped Cattle futures mostly gain.
Live Cattle futures closed an average of 76¢ higher, except for an average of 16¢ lower in the front two contracts.
Feeder Cattle futures closed an average of $1.08 higher (20¢ higher in spot Mar to $2.55 higher toward the back).
Corn futures closed mostly 1¢ to 3¢ higher.
Soybean futures closed mostly 9¢ to 12¢ higher through Sep ‘22, except for 3¢ to 4¢ lower in the front three contracts.