Cattle futures closed mostly higher Monday, supported by Choice wholesale beef values and softer Corn futures.
Toward the close, Live Cattle futures were an average of 26¢ higher, except for 40¢ lower in spot Oct. Feeder Cattle futures were an average of 79¢ higher, except for an average of 51¢ lower in the front two contracts.
Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were generally steady to $1 higher at $186-$187/cwt. in Kansas, $187 in the Texas Panhandle and $187-$188 in the North. Dressed delivered prices were steady at $296.
Last week’s weighted average five-area direct FOB live steer price was 32¢ higher at $187.21/cwt. The weighted average dressed delivered steer price was 8¢ lower at $295.92.
Choice boxed beef cutout value was $2.10 higher Monday afternoon at $313.32/cwt. Select was 38¢ higher at $289.10.
Grain and Soybean futures closed lower Monday, with pressure including a positive South American weather outlook and the recently stronger U.S. dollar.
Toward the close and through Sep ’25 contracts, Corn futures were 8¢ to 9¢ lower through. Kansas City Wheat futures were 13¢ to 14¢ lower. Soybean futures were 9¢ to 10¢ lower.
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