Negotiated cash fed cattle sales were mainly steady last week on a live basis at $114/cwt. ($112 in the western Corn Belt). Dressed trade was $1-$2 lower at $176-$178.
Except for the back half of Live Cattle, futures prices on Monday eked out minimal gains following pressure early in the session.
Live Cattle futures closed an average of 40¢ higher through the front five contracts, and then unchanged to 35¢ lower.
Feeder Cattle futures closed an average of 38¢ higher, amid extremely thin trade.
Wholesale beef values were firm to higher on moderate to good demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 48¢ higher Monday afternoon at $213.39/cwt. Select was $1 higher at $198.57.