Cattle futures closed mostly higher again Monday with further follow-through support from last week’s surging cash fed cattle prices.

Toward the close, Live cattle futures were an average of $1.10 higher (7¢ higher to $3.12 higher in spot Jun), except for an average 15¢ lower in two contracts.

Feeder Cattle futures were an average of 52¢ higher, except 30¢ lower in the back contract.

Negotiated cash fed cattle trade was inactive on moderate demand in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, based on the latest established trade, FOB live prices were $9 higher in the Texas Panhandle at $232/cwt., $13 higher in Kansas at $235, $7 higher in Nebraska at $242-$244 and $5-$10 higher in the western Corn Belt at $240-$242. Dressed delivered prices were $10-$15 higher in Nebraska at $380 and $9 higher in the western Corn Belt at $380.

The five-area direct weighted average FOB live fed steer price last week was $6.68 higher at $236.62. The weighted average dressed delivered fed steer price was $12.28 higher at $380.34.

Choice boxed beef cutout value was $2.17 higher Monday afternoon at $367.25. Select was $2.20 higher at $358.93.

Turning to the grain complex, Grain and Soybean futures were lower Monday with likely pressure from the favorable weather outlook.

Toward the close and through Mar ‘26 contracts, Corn futures were 6¢ to 10¢ lower. Kansas City Wheat futures were 5¢ lower. Soybean futures were mixed, from 4¢ lower to 4¢ higher.