Cattle futures found traction Monday from the friendly Cattle on Feed report.
Feeder Cattle futures closed an average of $1.25 higher, except for 20¢ higher in waning spot Oct.
Live Cattle futures closed an average of 92¢ higher.
Corn futures closed mostly marginally higher.
Soybean futures closed 9¢ to 16¢ higher.
Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service.
Last week, trade was at $124.00/cwt. on a live basis in the Southern Plains and mainly $124-$125 in Nebraska and the western Corn Belt. Dressed trade was at $196.
Choice boxed beef cutout value was $1.22 higher Monday afternoon at $283.04/cwt. Select was 8¢ higher at $263.19.