Cattle futures bounced higher Monday, supported by another day of lower Corn futures, the post-holiday bounce in wholesale beef values and thoughts that cash fed cattle prices could improve this week.
Toward the close, Live cattle futures were an average of $2.40 higher.
Feeder Cattle futures were an average of $5.04 higher.
Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $224/cwt. in the Texas Panhandle, $224-$225 in Kansas, $230-$232 in Nebraska and $230-$234 in the western Corn Belt. Dressed delivered prices were $368.
Choice boxed beef cutout value was $2.06 higher Tuesday afternoon at $393.04. Select was 93¢ higher at $378.46.
Grain and Soybean futures were lower again Tuesday, pressured once more by favorable weather and trade uncertainty.
Toward the close and through Mar ‘26 contracts, Corn futures were 4¢ to 6¢ lower. Kansas City Wheat futures were 3¢ to 4¢ lower. Soybean futures were 3¢ to 10¢ lower.
POWERED BY BLUBRRY
