Cattle futures were lower Monday on likely profit taking and positioning following last week’s charge higher.

Toward the close, Feeder Cattle futures closed an average of $1.42 lower. Live Cattle futures closed an average of 96¢ lower.

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

Last week, FOB live prices were $3-$4 higher in the Texas Panhandle at 200/cwt., $4 higher in Kansas at $200-$201, $3 higher in Nebraska at $203 and steady to $5 higher in the western Corn Belt at $200-$203. Dressed delivered prices were $5 higher at $320.

Last week’s weighted average five-area direct FOB live steer price was $3.65 higher at $202.58/cwt. The weighted five-area average dressed delivered steer price was $5.29 higher at $320.25.

Choice boxed beef cutout value was 51¢ higher Monday afternoon at $333.35/cwt. Select was $3.43 higher at $317.57.

Corn and Soybean futures continued higher Monday with follow-through support from Friday’s monthly World Agricultural Supply and Demand Estimates, dragging Wheat along.  

Toward the close and through Sep ’25 contracts, Corn futures closed 5¢ to 7¢ higher. Kansas City Wheat futures were mostly 9¢ to 11¢ higher. Soybean futures closed 20¢ to 30¢ higher