Cattle futures closed mixed but firmer Monday.
Toward the close, Live cattle futures were mixed, from an average of 40¢ lower to an average of 28¢ higher.
Feeder Cattle futures were an average of 71¢ higher.
Negotiated cash fed cattle trade was inactive in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.
Last week, based on the latest established trade, FOB live prices were $7 lower in the Southern Plains at $228/cwt., $5 lower in Nebraska at $235-$237 and $3-$5 lower in the western Corn Belt at $235-$238. Dressed delivered prices were $4 lower at $376.
The weekly five-area direct weighted average FOB live fed steer price was $4.03 lower at $234.88. The weekly weighted average dressed delivered fed steer price was $3.48 lower at $376.57.
Choice boxed beef cutout value was 28¢ lower Monday afternoon at $390.22. Select was $6.15 higher at $383.10.
Grain and Soybean futures continued lower Monday with weather and the sharp decrease in Crude Oil futures (see below).
Toward the close and through Mar ‘26 contracts, Corn futures were 7¢ to 10¢ lower. Kansas City Wheat futures were 12¢ to 13¢ lower. Soybean futures were 10¢ to 14¢ lower.
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