Cattle futures were buoyed by Friday’s Cattle on Feed report early in Monday’s session but then faded with iffy outside markets and wonderments about this this week’s cash trade.

Toward the close, Live Cattle futures were an average of 65¢ lower. Feeder Cattle futures were an average of $3.70 lower, except for $1.32 higher in the back contract.

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

For the week, FOB live prices were mainly $248/cwt., which was mostly $2 higher in the Texas Panhandle, unevenly steady in Kansas, steady to $1 lower in Nebraska and steady in the western Corn Belt. Dressed delivered prices were $388, which was steady in the western Corn Belt and steady to $1 lower in Nebraska.

The five-area direct weighted average FOB live fed steer price last week was 36¢ lower at $248.02/cwt. The weighted average dressed delivered fed steer price was 30¢ lower at $388.14.

Choice boxed beef cutout value was $2.50 higher Monday afternoon at $383.56/cwt. Select was $7.01 at $383.61.

Grain and Soybean futures were mixed to start the week.

Toward the close, and through near Dec contracts, Kansas City HRW Wheat futures were 3¢ to 4¢ lower. Corn futures were 2¢ to 3¢ higher. Soybean futures were fractionally lower to 2¢ lower through near Nov.