Negotiated cash fed cattle trade ended up higher last week. Live prices in the Southern Plains were $1-$3 higher at $109/cwt. in the Texas Panhandle and at $108-$109 in Kansas. Live trade in the Northern Plains ranged from steady to $4 higher in Nebraska at $109-$111, to $1 lower to $2 higher on a light test in Colorado at $108-$111. Dressed trade in Nebraska and the western Corn Belt was mainly $2 higher at mostly $172. Live sales in the western Corn Belt were $1 higher at $108-$110.
Stronger cash prices lifted Cattle futures.
Live Cattle futures closed an average of $1.09 higher (72¢ to $1.60 higher).
Feeder Cattle futures closed an average of $1.54 higher.
Wholesale beef values were firm on moderate to good demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.56 higher Monday afternoon at $217.22/cwt. Select was 65¢ higher at $189.33.
Corn futures closed mostly unchanged to fractionally lower.
Soybean futures closed 3¢ to 4¢ higher through Jan ’21 and then mostly 2¢ lower to 2¢ higher.