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 $2 higher in the Southern Plains at $185/cwt., $1.50-$2.00 higher in Nebraska at $185-$186 and $2 higher in the western Corn Belt at $185-$186. Dressed delivered prices were $2-$8 higher in Nebraska at $292-$300 and $2 higher in the western Corn Belt at $292.

Choice boxed beef cutout value was $1.84 higher Monday afternoon at $308.88/cwt. Select was $1.45 higher at $298.88/cwt.

Cattle futures drifted mainly lower Monday.

Live Cattle futures closed an average of 27¢ lower, except for an average of 16¢ higher in the back two contracts.

Feeder Cattle futures closed an average of 85¢ lower (12¢ to $1.37 lower), except for an average of 36¢ higher in the last two contracts.

Corn futures closed fractionally higher to 2¢ higher.

KC HRW Wheat futures closed 9¢ to 13¢ higher.

Soybean futures closed mostly fractionally lower to 5¢ lower.