Negotiated cash fed cattle trade ranged from slow on light demand to a standstill through Monday afternoon, according to the Agricultural Marketing Service.

Based on final established trade last week, FOB live prices were $1 higher in the Southern Plains at $186/cwt., $5-$8 higher in Nebraska at $195-$198 and mainly $2-$3 higher in the western Corn Belt at mostly $193-$195. Dressed delivered prices were $4-$5 higher in Nebraska and the western Corn Belt at $305-$306; prices as high as $310.

The weighted average five-area direct FOB live steer price last week was $3.63 higher at $192.55. The weighted average dressed delivered steer price was $4.76 higher at $305.47.

Choice boxed beef cutout value was 58¢ higher Monday afternoon at $320.47/cwt. Select was $1.01 higher at $304.82/cwt.

Cattle futures closed narrowly mixed Monday with likely profit taking following the previous session’s surge.

Turning to row crops, Grain and soybean futures dropped Monday with an improved weather outlook. Heading into the close and through Jly ’25 contracts, Corn futures were mostly 6¢ to 7¢ lower, while Kansas City Wheat futures and Soybean futures were mostly 15¢ to 21¢ lower.