Cattle futures extended gains Monday, led once again by Feeder Cattle and underpinned by strong cash demand for calves and feeder cattle.

Toward the close, Feeder Cattle futures were an average of $2.41 higher. Live Cattle futures were an average of $1.18 higher.

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

Last week, FOB live prices were $185/cwt., in all regions. Dressed delivered prices were $290 in Nebraska and $290-$300 in the western Corn Belt.

Choice boxed beef cutout value was $3.94 higher Monday afternoon at $307.28/cwt. Select was 69¢ lower at $275.45.

Grain and Soybean futures closed higher Friday as traders appeared to apply more risk premium based on Russia’s war with Ukraine.

Toward the close and through Sep ’25 contracts, Corn futures were fractionally higher to 5¢ higher. Kansas City Wheat futures were 12¢ to 14¢ higher. Soybean futures were 8¢ to 11¢ higher.