Cattle futures were mainly higher Monday, led by Feeder Cattle.

Toward the close, Live Cattle futures were an average 47¢ higher, except for an average of 43¢ lower in the front three contracts.

Feeder Cattle futures were an average of $1.07 higher (47¢ higher at the back to $1.55 higher near the front).

Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Monday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were steady to $1 higher in Kansas at $229, $2 higher in Nebraska at $230 and steady to $2 higher in the western Corn Belt at $228-$230.

Dressed delivered prices were mostly steady to $2 lower in Nebraska at mainly $356 and steady to $2 higher in the western Corn Belt at $356-$360 on a light test.  

The weekly weighted average five-area direct FOB live fed steer price was $1.36 higher at $229.33/cwt. The weekly weighted average dressed delivered fed steer price was 59¢ lower at $356.53.

Choice boxed beef cutout value was $1.88 lower Monday afternoon at $349.33/cwt. Select was $1.82 higher at $345.62.

Grain and Soybean futures were lower on Monday with little news, other than reportedly positive progress in resolving the Ukraine-Russia fighting and South America’s looming harvest.

Toward the close, through near Jly contracts, Corn futures were 7¢ lower. KC HRW Wheat futures were 5¢ to 6¢ lower. Soybean futures were mostly 7¢ to 9¢ lower.