Negotiated cash fed cattle trade was mostly inactive in the western Corn Belt through Monday afternoon, according to the Agricultural Marketing Service. Elsewhere, it was at a standstill.
Last week, live prices were at $106/cwt. in the Southern Plains, $103-$105 in Nebraska and $101-$103 in the western Corn Belt. Dressed prices, in a light test, were at $158-$163 in Nebraska and at $158-$165 in the western Corn Belt.
Cattle futures managed to close mostly higher Monday after early pressure and skittishness surrounding Tuesday’s election.
Live Cattle futures closed an average of 26¢ higher.
Feeder Cattle futures closed narrowly mixed from an average of 25¢ lower in the front two contracts to an average of 70¢ higher.
Choice boxed beef cutout value was 55¢ higher Monday afternoon at $208.65/cwt. Select was $1.38 higher at $192.62.
Corn futures closed 1¢ lower in the front four contracts and then mostly fractionally higher.
Soybean futures closed 1¢ to 5¢ lower through the front five contracts and then 1¢ to 3¢ higher.