Cattle futures bounced back Monday, helped along by higher wholesale beef values.
Choice Boxed beef cutout value was $2.19 higher Monday afternoon at $245.94/cwt. Select was $1.18 higher at $221.31/cwt.
Feeder Cattle futures closed an average of $1.23 higher.
Live Cattle futures closed an average of 89¢ higher.
Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.
Live prices last week were $143/cwt. in the Southern Plains and $145 in Nebraska and the western Corn Belt. Dressed prices were at $228.
Corn futures closed 3¢ higher through Jly ‘23 and then 1¢ to 2¢ lower.
Soybean futures closed 5¢ to 9¢ higher.
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