Cattle futures closed narrowly mixed Monday with traders appearing to view Friday’s Cattle on Feed report as neutral.
Toward the close, Feeder Cattle futures were an average of 31¢ higher. Live Cattle futures were narrowly mixed, from an average of 42¢ lower to an average of 11¢ 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.
Last week, FOB live prices were $191/cwt., in the Southern Plains on a light test, $195-$195.50 in Nebraska and $195-$196 in the western Corn Belt. Dressed delivered prices were $305.
The weekly weighted average five-area direct FOB live steer price was 42¢ higher at $194.73. The weighted averaged dressed delivered steer price was $2.20 higher at 305.64.
Choice boxed beef cutout value was 13¢ higher Monday afternoon at $315.98/cwt. Select was 84¢ higher at $286.75.
The grain complex was mixed Monday.
Toward the close and through Sep ’25 contracts, Soybean futures were mostly 3¢ to 5¢ lower. Corn futures were unchanged to 2¢ higher. Kansas City Wheat futures were 6¢ higher.
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