Cattle futures closed higher Monday, gaining back much of the lost gains from the previous session, as wholesale beef values increased and outside markets rebounded from skittishness tied to the conflict between Israel and Iran.

Toward the close, Live cattle futures were an average of $2.72 higher. Feeder Cattle futures were an average of $3.89 higher.

There was no Monday afternoon USDA fed cattle report available at press time. Based on the latest report, FOB live prices last week were $3 higher in the Texas Panhandle at $235/cwt., mostly steady in Kansas at mainly $235, steady to $2 lower in Nebraska at $240-$242 and steady to $1 lower in the western Corn Belt at $240-$241. Dressed delivered prices were steady at $380.

The five-area direct weighted average FOB live steer price last week was $2.06 higher at $238.68. The dressed delivered steer price was 28¢ lower at 380.06.

Choice boxed beef cutout value was $4.23 higher Monday afternoon at $382.11. Select was $3.97 higher at $367.47.

Turning to row crops, futures were mixed Monday.

Toward the close and through Mar ‘26 contracts, Corn futures were 7¢ to 10¢ lower with pressure from recent rains and favorable weather. Kansas City Wheat futures were 4¢ lower.

However, Soybean futures were mostly 6¢ higher, extending gains from Fridays EPA announcement proposing increased Renewable Volume Obligations for biomass-based diesel in the Renewable Fuels Standard.