Higher wholesale beef values helped Live Cattle futures firm on Monday.
Live Cattle closed an average of 67¢ higher.
Feeder Cattle futures closed an average of 50¢ lower, except for $1.45 higher in spot Apr.
Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $2 lower in the Texas Panhandle at $184/cwt., $1-$2 lower in Kansas at $183-$184, $2-$3 lower in Nebraska at $187 and $1-$3 lower in the western Corn Belt at $187. Dressed delivered prices were $3-$5 lower in Nebraska at $296-$297 and $2-$3 lower in the western Corn Belt at $297.
The weighted average five-area direct FOB live steer price last week was $2.50 lower at $185.73. The weighted average dressed delivered steer price was $2.62 lower at $296.87.
Choice boxed beef cutout value was $4.90 higher Monday afternoon at $302.07/cwt. Select was $5.57 higher at $300.27/cwt.
Turning to row crops, Corn futures closed mostly fractionally higher to 1¢ higher. KC HRW Wheat futures closed mostly 5¢ higher.
POWERED BY BLUBRRY
