Cattle futures closed higher Monday, led by Feeder Cattle and supported by higher cash prices and resurgent wholesale beef values.
Live Cattle futures closed an average of 67¢ higher.
Feeder Cattle futures closed an average of $1.46 higher ($1.12 to $1.82 higher).
Corn futures closed mostly unchanged to fractionally mixed.
Soybean futures closed mostly fractionally higher to 1¢ higher.
Wholesale beef values were sharply higher on Choice and firm on Select, with moderate to fairly good demand and light to moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $3.39 higher Monday afternoon at $217.65/cwt. Select was 26¢ higher at $213.41.