There was no USDA report for Monday negotiated cash fed cattle trade at press time.

Last week, FOB live prices were $203/cwt., which was $3 lower in the Southern Plains, $5 lower in Nebraska and $2-$5 lower in the western Corn Belt.

Dressed delivered prices were $7-$8 lower in Nebraska at $320-$321. The previous week, dressed delivered prices were $328 in the western Corn Belt.

Choice boxed beef cutout value was $1.00 higher Monday afternoon at $315.70/cwt. Select was 91¢ lower at $306.23.

Futures and Equity markets were closed Monday in observance of President’s Day.