Heading into the close and before settlement, Live Cattle futures were an average of 27¢ higher through the front five contracts, buoyed by last week’s stronger cash trade and then unchanged to an average of 61¢ lower.

Feeder Cattle futures were an average of $1.28 lower with pressure from nearby Corn contracts.

Heading into the close Monday Grain and Soybean futures continued higher as traders appeared to bet on planting progress delays in the weekly Crop Progress report (see below).

Corn futures were mostly 7¢ to 10¢ higher through near Sep.

Kansas City Wheat futures were mostly 18¢ to 20¢ higher through Jly ’25.

Soybean were 21¢ to 32¢ higher through near Sep.

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

For the week, FOB live prices were $2 higher in the Southern Plains at $184/cwt., $2 higher in Nebraska at $186-$187 and $1 higher in the western Corn Belt at $185-$187. Dressed delivered prices were steady to $1 higher in Nebraska at $294-$295 and mostly $1 higher in the western Corn Belt at mainly $295.

The weekly weighted average five-area direct FOB live steer price was $1.59 higher at $185.74. The average dressed delivered steer price was 26¢ higher at $294.65.

Choice boxed beef cutout value was $4.56 higher Monday afternoon at $298.76/cwt. Select was $2.10 higher at $289.75/cwt.