Cattle futures closed narrowly mixed Monday, following early-session strength supported by last week’s strong cash fed cattle prices and Friday’s friendly Cattle on Feed report.
Toward the close, Live Cattle futures were an average of 42¢ lower. Feeder Cattle futures were an average of 23¢ lower, except for an average of 16¢ higher in the front two contracts.
Negotiated cash fed cattle trade was at standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.
FOB live prices last week were $210/cwt. in the Southern Plains $212-$215 in the North. Dressed delivered prices were $335.
Last week’s five-area direct weighted average FOB live fed steer price was $7.46 higher at $212.76. The weighted average dressed delivered fed steer price was $10.18 higher at $335.15.
Choice boxed beef cutout value was $1.65 higher Monday afternoon at $327.10/cwt. Select was $3.96 higher at $313.58.
Turning to the grain complex, futures continued their mixed choppiness Monday.
Toward the close and through Sep ’25 contracts, Corn futures were fractionally mixed. Kansas City Wheat futures were 11¢ lower. Soybean futures were 2¢ lower.
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