It took all of last week to get cash fed cattle traded, but it was well worth the wait. Prices were mainly $5-$8 higher on a live basis at mostly $116.00-$119.50/cwt. Dressed prices were mainly $5-$10 higher at $180-$185.
Those significantly higher cash prices fueled sharp gains in Cattle futures on Monday, with Live Cattle in the lead.
Live Cattle futures closed an average of $2.82 higher through the front three contracts ($1.70 to $4.20 higher) and then an average of 69¢ higher (35¢ to 32¢ to 97¢ higher).
Feeder Cattle futures closed an average of $1.30 higher ($1.07 to $1.85 higher).
Choice boxed beef cutout value was 28¢ lower Monday afternoon at $203.02/cwt. Select was $1.16 higher at $193.64.
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