Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.
Last week, live prices were $3-$4 lower in the Southern Plains at $182/cwt., $2-$5 lower in Nebraska at $185-$189 and $2-$4 lower in the western Corn Belt at $186-$188. Dressed prices were $4 lower in Nebraska at $296 and steady to $4 lower in the western Corn Belt at $294-$300.
The five-area direct weighted average fed steer price for the week was $3.83 lower at $184.92 on a live basis. The weighted average in the beef was $3.14 lower at $296.07.
Choice boxed beef cutout value was $2.95 lower Monday afternoon at $340.14/cwt. Select was 9¢ lower at $310.76/cwt.
Futures markets and equity markets were closed Monday in observance of Juneteenth.