There was no afternoon USDA fed cattle report available at press time.
Last week, FOB Live prices were $2 higher in the Southern Plains at $185/cwt., $2 higher in Nebraska at $186-$187 and steady to $3 higher in the western Corn Belt at $185-$187. Dressed delivered prices were mostly $2-$4 higher in Nebraska at mainly $294 and $4 higher in the western Corn Belt at $294 in a light test.
The weekly weighted average five-area direct FOB live steer price was $2.14 higher week to week at $186.15/cwt. The weekly weighted average dressed delivered steer prices was $3.12 higher at $293.53.
Choice boxed beef cutout value was $1.39 higher Monday afternoon at $298.08/cwt. Select was $2.45 higher at $284.53.
Toward the close, Live Cattle futures closed were an average of 38¢ higher with follow-through support from last week’s higher cash fed cattle prices.
Feeder Cattle futures closed an average of 93¢ lower except for 17¢ higher at the back with pressure from higher Corn futures.
Toward the close and through Sep ’25 contracts, Corn futures were 5¢ to 6¢ higher, buoyed by the neutral to friendly Grain Stocks report and likely quarter-end short covering. Kansas City Wheat futures were 5¢ to 7¢ higher. Soybean futures were 6¢ to 9¢ lower on an improved South American weather outlook.
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