Cattle futures continued to edge higher to start the week, but with plenty of continued uncertainty surrounding supply chain disruptions (see below).
Live Cattle futures closed an average of 65¢ higher.
Feeder Cattle futures closed an average of 98¢ higher, (70¢ higher at the back to $1.32 higher).
Wholesale beef values took another giant leap higher Monday as buyers chase decreased supplies.
Choice boxed beef cutout value was $32.60 higher Monday afternoon at a $410.05/cwt. Select was $19.53 higher at $376.66. That made the Choice-Select spread $33.39.
Corn futures closed mostly 2¢ to 3¢ lower.
Soybean futures closed 11¢ to 13¢ lower through near Sep and then 4¢ to 9¢ lower.