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

Last week, FOB live prices were steady to $1 higher in the Texas Panhandle at $190/cwt., unevenly steady in Kansas at $190, steady to $1 higher in Nebraska at $198 (some up to $200) and mainly steady to $1 higher in the western Corn Belt at mostly $198.

Dressed delivered prices were steady to $2 higher in Nebraska at $312 and $2 higher in the western Corn Belt at $312. Prices ran as high as $317 in both regions.

Last week’s five-area direct weighted average FOB live steer price was 97¢ higher at $195.81. The weighted average dressed delivered steer price was $2.92 higher at $313.47.

Choice boxed beef cutout value was $2.86 higher Monday afternoon at $329.18/cwt. Select was $1.91 higher at $306.41.

Cattle futures softened again Monday with sluggish interest. Before settlement, Live Cattle futures were an average of 87¢ lower. Feeder Cattle futures were an average of $2.05 lower.

As for the grain complex, short covering seemed to be the order of the day. Toward the close and through Jly ’25 contracts, Corn futures were mainly fractionally higher to 1¢ higher. Kansas City Wheat futures were 10¢ to 13¢ higher. Soybean futures were 7¢ to 12¢ higher.