Cattle futures tried for gains early once again Monday, but succumbed to sluggish trade and overall bearishness by the close.
Live Cattle futures closed an average of 55¢ lower (10¢ lower to $1.70 lower in spot Jun).
Feeder Cattle futures closed an average of $1.05 lower, except for an average of 15¢ higher in three contracts.
Wholesale beef values were steady on Choice and lower on Select with light to moderate demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 1¢ lower Monday afternoon at $223.20/cwt. Select was 82¢ lower at $206.87.
Corn futures closed 2¢ lower in the front months, but mostly 1¢ to 2¢ higher overall.
Soybean futures closed mostly 1¢ to 3¢ higher.