Cattle futures closed lower Monday on oversold conditions and likely profit taking as traders await this week’s cash direction.
Feeder Cattle futures closed an average of $1.89 lower.
Live Cattle futures closed an average of $1.19 lower.
Negotiated cash fed cattle trade was at a standstill through Monday afternoon, according to the Agricultural Marketing Service.
For the week, FOB live prices were $3 higher in the Texas Panhandle at $178/cwt., $4 higher in Kansas at $178-$179, $1 to $1.75 higher in Nebraska at $176-$178.75 and steady to $5 higher in the western Corn Belt at $177-$179. Dressed delivered prices were $3 higher at $280.
Choice boxed beef cutout value was 40¢ higher Monday afternoon at $293.48/cwt. Select was 30¢ higher at $283.77/cwt.
Soybean futures closed 4¢ to 7¢ higher through Nov ’25.
Corn futures closed mostly fractionally higher to 1¢ higher.
KC HRW Wheat futures closed 8¢ to 11¢ lower.
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