Cattle futures took a breather from the steamy rally and closed lower Monday on likely profit taking.
Feeder Cattle futures closed an average of $2.34 lower ($1.70 lower at the back to $3.52 lower toward the front).
Live Cattle futures closed an average of 84¢ lower (25¢ to $1.40 lower).
Negotiated cash fed cattle trade ranged from inactive on light demand to a standstill through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, FOB live prices were $182-$183/cwt. in the Southern Plains, $184-$185 in Nebraska and $185 in the western Corn Belt. Dressed delivered prices were $292.
Choice boxed beef cutout value was 39¢ lower Monday afternoon at $305.32/cwt. Select was 29¢ higher at $283.41/cwt.
Corn futures closed mostly 3¢ to 4¢ lower.
KC HRW Wheat closed 8¢ to 12¢ lower through Sep ‘25 and then 1¢ higher.
Soybean futures closed 15¢ to 23¢ lower.
POWERED BY BLUBRRY
