Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service (AMS).
Last week, live sales were at $140 in the Texas Panhandle, $139-$140 in Kansas $138-$140 in Nebraska and $140 in the western Corn Belt. Dressed trade was at $222 in Nebraska and at $220-$222 in the western Corn Belt.
The five-area direct average steer price last week was $2.81 higher at $139.66/cwt. The average steer price in the beef was $3.79 higher at $221.79.
Live Cattle futures closed an average of 27¢ lower, except for unchanged to 7¢ higher in the back three contracts.
Choice Boxed beef cutout value was 85¢ lower at $278.96/cwt. Select was $1.01 lower at $275.04
Feeder Cattle futures closed an average of 63¢ lower, under pressure from Corn futures, which closed 14¢ to 15¢ higher in the front three contracts and then mostly 5¢ to 7¢ higher.
Soybean futures closed mostly 14¢ to 28¢ higher.
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