Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Monday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Prices on a live basis last week were $1-$2 higher in the Southern Plains at $162/cwt., $1-$2 higher in Nebraska at $159-$161 and steady to $2 higher in the western Corn Belt at $160-$162. Dressed prices were $3 higher at $257.
The weighted average five-area direct fed steer price last week was $1.55 higher on a live basis at $161.17/cwt. The weighted average steer price in the beef was $2.87 higher at $256.78.
Choice boxed beef cutout value was $1.85 higher Monday afternoon at $282.89/cwt. Select was $2.16 higher at $268.05/cwt.
CME Agriculture futures and equity markets were closed Monday in observance of President’s Day
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