Cattle futures rose Monday, helped along by last week’s slightly stronger cash fed cattle prices.
Feeder Cattle futures closed an average of 87¢ higher.
Live Cattle futures closed an average of 37¢ higher., except for 7¢ lower in near Dec.
Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service.
Last week, live prices were $1 higher in the Southern Plains at $142, steady to $1 higher in Nebraska at $143 and steady to $1 lower in the western Corn Belt at $143-$145. Dressed prices were steady to $1 higher in Nebraska at $226-$227 and unevenly steady in the western Corn Belt at $226.
Choice Boxed beef cutout value was 5¢ higher through Monday afternoon at $252.45/cwt. Select was 76¢ lower at $225.89/cwt.
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