Episode Details

Cattle futures were higher Monday, helped along by stronger outside markets.

Toward the close, Live Cattle futures were an average of $1.42 higher. Feeder Cattle futures were an average of $3.22 higher.

Negotiated cash fed cattle trade was inactive on light demand in all regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were mostly $3 lower in the Southern Plains at mainly $257/cwt., $1-$8 lower in Nebraska at mostly $257 and $2-$4 lower in the western Corn Belt at $256-$258. Dressed delivered prices were $405, which was $3-$5 lower in Nebraska and $5 lower in the western Corn Belt.

Choice boxed beef cutout value was $1.36 higher Monday afternoon at $392.83/cwt. Select was 9¢ lower at $383.09.

Grain and Soybean futures limped lower Monday.

Toward the close, and through near Mar contracts, Corn futures were 2¢ to 3¢ lower. Soybean futures were 1¢ to 6¢ lower. Kansas City HRW Wheat futures were 2¢ to 3¢ lower.