The late-week surge in Cattle futures ultimately helped negotiated cash fed cattle prices take a strong step higher. Live sales were mainly $3-$4 higher at $110.00-$111.50/cwt. Dressed trade was $2-$5 higher at $172-$175.
Cattle futures mostly held on to Friday’s strong gains, closing narrowly mixed to mostly a touch higher.
Live Cattle futures closed narrowly mixed (37¢ lower to 40¢ higher), with the most open interest since July.
After 10¢ higher in spot Sep, Feeder Cattle futures closed an average of 46¢ higher, except for unchanged to 37¢ lower in the back three contracts.
Wholesale beef values were higher on fairly good demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.77 higher Monday afternoon at $206.04/cwt. Select was 91¢ higher at $197.38.
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