Cattle futures closed marginally mixed but mostly higher Monday, supported by last week’s friendly Cattle on Feed report and a recent bump in wholesale beef values.
Live Cattle futures closed an average of 21¢ lower through the front four contracts and then unchanged to 5¢ higher.
Other than 22¢ lower in spot Jan, Feeder Cattle futures closed an average of 24¢ higher.
Corn futures closed mostly 1¢ to 2¢ lower.
Wholesale beef values were firm to higher on fairly good demand and light offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 60¢ higher Monday afternoon at $214.45/cwt. Select was $1.28 higher at $199.79.