Last week’s weighted average 5-area direct price for fed steers was 59¢ higher at $115.19/cwt. on a live basis and 68¢ higher in the beef at $181.72.
Cattle futures firmed to start the week, helped along by the Tyson announcement regarding the reopening of its Kansas plant (see below).
Other than 40¢ and 2¢ lower at either end of the board, Live Cattle futures closed an average of 32¢ higher.
Feeder Cattle futures closed an average of 35¢ higher.
Wholesale beef values were lower on Choice and higher on Select with moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.68 lower Monday afternoon at $239.12/cwt. Select was $1.26 higher at $215.59.
Corn futures closed mostly 2¢ to 3¢ lower.
Soybean futures closed mostly 6¢ to 8¢ lower Jul ’21 and then 4¢ lower.