Live Cattle futures closed higher Monday, supported by apparent front-end currentness. They were up an average of 59¢ higher, except for down 33¢ and unchanged in the back two contracts.
Strength in Live Cattle and softer Corn futures helped Feeder Cattle close an average of 53¢ higher (30¢ to 70¢ higher).
Corn futures closed mixed, down 2¢ to 5¢ through May ’24, then mostly 1¢ to 2¢ higher.
Soybean futures closed 8¢ to 12¢ lower.
Choice Boxed beef cutout value was 80¢ higher Monday afternoon at $264.55/cwt. Select was $4.02 higher at $235.92/cwt.
There was no afternoon cash fed cattle report from AMS.
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