Lackluster interest in Cattle futures carried over from last week.
Feeder Cattle futures closed an average of 92¢ lower.
Live Cattle futures closed an average of 39¢ lower.
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 $154-$155/cwt. in the Texas Panhandle, $155 in Kansas, $157-$158 in Nebraska and $155-$157 in the western Corn Belt. Dressed prices were $245.
Choice Boxed beef cutout value was $2.70 higher Monday afternoon at $254.53/cwt. Select was $5.84 lower at $228.53/cwt.
Corn futures closed mostly fractionally higher.
Soybean futures closed 19¢ to 21¢ higher through Aug ‘23 and then 12¢ to 16¢ higher, supported by chatter about OPEC cutting production.
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