Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.
Last week, live prices were $1 lower in the Texas Panhandle at $179/cwt., $2 lower in Kansas at $178, steady in Nebraska at $182-$185 and $2-$4 lower in the western Corn belt at $180-$183. Dressed prices were steady at $290.
The weighted average five-area direct fed steer price last week was $181.33/cwt. on a live basis, which was $1.24 lower than the previous week. The average fed steer price in the beef was 47¢ lower at $289.34.
Choice boxed beef cutout value was 62¢ higher Monday afternoon at $328.34/cwt. Select was 67¢ higher at $294.30/cwt.
Cattle futures mostly held their ground Monday.
Feeder Cattle futures closed an average of 63¢ higher (32¢ to $1.17 higher).
Live Cattle futures closed narrowly mixed, from an average of 17¢ lower in the front four contracts to an average of 34¢ higher.
Corn futures firmed some Monday with likely support from rallying Soybeans.
Corn futures closed mixed, mostly 2¢ lower to 1¢ higher.
Soybean futures closed mostly 22¢ to 31¢ higher, building on Fridays Acreage report.
KC HRW Wheat closed mostly 1¢ to 6¢ lower.