Cattle futures strengthened Monday with firm to bullish fundamental support.
Feeder Cattle futures closed an average of 84¢ higher.
Live Cattle futures closed an average of 96¢ higher.
Corn and Soybean futures wavered to start the week as traders await the WASDE this week.
Corn futures closed mostly 1¢ lower.
Soybean futures closed mostly 4¢ to 7¢ 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.
Live prices last week were $157/cwt. in the Southern Plains and Nebraska and $158-$160 in the western Corn Belt. Dressed prices were $252.
Choice boxed beef cutout value was $3.15 higher Monday afternoon at $286.14/cwt. Select was 26¢ higher at $259.60/cwt.
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