Cattle futures—especially Live Cattle—took another step lower on Monday, with technical selling, last week’s lower cash fed cattle prices and early reports of fed cattle trading for lower money on Monday.
Except for 25¢ lower in the back contract, Live Cattle futures closed an average of $1.17 lower (80¢ to $2.02 lower).
Feeder Cattle futures closed an average of 40¢ lower.
Choice boxed beef cutout value was 69¢ higher on Monday afternoon at $210.20/cwt. Select was $1.05 higher at $203.37.
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