Cattle futures were higher Monday, supported by another week of stronger cash fed cattle prices and a day of sharply higher wholesale beef values.

Toward the close, Live Cattle futures were an average of 83¢ (20¢ higher toward the back to $1.50 higher at the front).

Feeder Cattle futures were an average of 51¢ higher (12¢ to $1.37 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 $2-$4 higher in the Texas Panhandle at $210-$214/cwt., steady to $3 higher in Kansas at $210-$213, mostly $4-$6 higher in Nebraska at mainly $218 and mostly $5-$6 higher in the western Corn Belt at mainly $217-$218.

Dressed delivered prices were $3-$8 higher in Nebraska at $340-$343 and $5-$7 higher in the western Corn Belt at $340-$342.

Last week’s five-area direct weighed average FOB live fed steer price was $4.69 higher at $216.32/cwt. The weighted average dressed delivered steer price was $4.61 higher at $341.42.

Choice boxed beef cutout value was $6.29 higher Monday afternoon at $342.77/cwt. Select was $5.01 higher at $325.12.

Corn and Kansas City Wheat futures were lower Monday, pressured by Corn’s strong planting pace (see below).

Toward the close and through Sep ’25 contracts, Corn futures were 2¢ to 4¢ lower. Kansas City Wheat futures were 10¢ to 12¢ lower. Soybean futures were 1¢ lower to 2¢ higher.