The 5-area direct average fed steer price last week was $110.13/cwt. on a live basis, which was 40¢ higher than the previous week. The average dressed steer price of $174.56 was 25¢ higher.
Cattle futures mostly edged higher Monday, with firm cash trade and increasing wholesale beef values.
Live Cattle futures closed an average of 45¢ higher.
Feeder Cattle futures closed an average of 25¢ higher except for unchanged to 30¢ lower in three contracts.
Wholesale beef values were sharply higher on Choice and higher on Select with good demand and light offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $2.46 higher Monday afternoon at $227.90/cwt. Select was 92¢ higher at $200.76.
Corn futures closed mostly 2¢ lower.
Soybean futures closed 1¢ to 3¢ higher.