Cattle futures extended losses from the previous session on Monday, and for the same reasons: long-position liquidation by funds tied to growing uncertainty tied to looming U.S. tariffs and concerns about domestic economic growth.
Toward the close, Live Cattle futures were an average of 71¢ lower. Feeder Cattle futures were an average of 74¢lower.
Negotiated cash fed cattle trade was mostly inactive on very light demand in all regions through Monday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $2 lower in the Southern Plains at $197/cwt., $1-$2 lower in Nebraska at $198 and $1-$3 lower in the western Corn Belt at $198. Dressed delivered prices were $2 lower at $313.
The five-area direct weighted average FOB live steer price last week was $1.99 lower at $197.65. The weighted averaged dressed delivered steer price was $2.20 lower at $312.92.
Choice boxed beef cutout value was $2.10 higher Monday afternoon at $313.93/cwt. Select was 36¢ higher at $302.41.
Grain and Soybean futures continued to unwind Monday with the looming threat of U.S. tariffs.
Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 13¢ lower. Kansas City Wheat futures were 9¢ to 11¢ lower. Soybean futures were 12¢ to 15¢ lower.
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