Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Monday afternoon.

Last week, FOB live prices were $233/cwt. in Kansas, mostly $233 in Nebraska and mostly $232 in the western Corn Belt. Dressed delivered prices were mostly $365 in Nebraska and $363-$365 in the western Corn Belt.

The five-area direct weighted average FOB live fed steer price last week was 64¢ higher at $232.50. The weighted average dressed delivered fed steer price was 35¢ lower at 364.64.

Choice boxed beef cutout value was $1.95 higher Monday afternoon at $364.33/cwt. Select was 14¢ higher at $360.33.

Futures and equities markets were closed Monday. Traders on Tuesday will be looking to see where sentiment lands following Friday’s down day in Cattle futures and ahead of Friday’s monthly Cattle on Feed report.