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.

Last week, FOB live prices were mostly $3 higher in the Southern Plains at mainly $248/cwt., mostly $5 higher in Nebraska at mainly $345 and $3-$4 higher in the western Corn Belt at mostly $244-$245. Dressed delivered prices were $4 higher in Nebraska at $282 and $2-$4 higher at $380-$382 in the western Corn Belt on a light test.

Choice boxed beef cutout value was $3.30 higher Monday afternoon at $367.77/cwt. Select was $2.19 lower at $361.23.

Futures and equity markets were closed Monday for Presidents Day.