Cattle futures extended gains Monday with follow-through support from last week’s stronger cash fed cattle prices.
Toward the close, Live Cattle futures were an average of $1.43 higher. Feeder Cattle futures were an average of $2.05 higher.
Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, FOB live prices were $6 higher in the Texas Panhandle at $218/cwt., $5-$8 higher in Kansas at $218, $4-$5 higher in Nebraska at $222-$223 and $5 higher in the western Corn Belt at $222-$223.
Dressed delivered prices were $7-$10 higher in Nebraska at $350 with a few up to $352, and $8-$10 higher in the western Corn Belt at $350.
Last week’s weighted average five-area direct FOB live fed steer price was $4.65 higher at $220.97/cwt. The weighted average dressed delivered fed steer price was $7.95 higher at $349.37.
Choice boxed beef cutout value was 67¢ higher Monday afternoon at $343.57/cwt. Select was $2.72 higher at $328.07.
Grain and Soybean futures were lower Monday with pressure from planting progress and favorable domestic weather.
Toward the close and through Mar ‘26 contracts, Corn futures were 13¢ to 14¢ lower in the front two contracts and then 7¢ lower. Kansas City Wheat futures were mostly 8¢ to 9¢ lower. Soybean futures were 7¢ to 12¢ lower.
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