Cattle futures closed higher Monday, supported by last week’s bounce in cash fed cattle prices and stronger wholesale beef values.

Toward the close, Live Cattle futures closed an average of $1.77 higher. Feeder Cattle futures were an average of $2.74 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $5-$6 higher in the Southern Plains at $202-$203/cwt. and $4-$6 higher in the North at $206/cwt. Dressed delivered prices were $8-$10 higher in Nebraska at $325 and $5-$10 higher in the western Corn Belt at $325.

The weighted average five-area direct FOB live fed steer price last week was $5.02 higher at $205.30. The weighted average dressed delivered steer price was $8.54 higher at $324.97.

Choice boxed beef cutout value $2.89 higher Monday afternoon at $321.16/cwt. Select was $1.58 higher at $307.90.

Grain and Soybean futures were mixed Monday.

Toward the close and through Sep ’25 contracts, Kansas City Wheat futures 18¢ to 19¢ higher with traders apparently adding premium. Corn futures were 2¢ to 3¢ higher. Soybean futures were fractionally higher to 1¢ lower.