There was no USDA report for Monday negotiated cash fed cattle trade at press time.
Last week, FOB live prices were $203/cwt., which was $3 lower in the Southern Plains, $5 lower in Nebraska and $2-$5 lower in the western Corn Belt.
Dressed delivered prices were $7-$8 lower in Nebraska at $320-$321. The previous week, dressed delivered prices were $328 in the western Corn Belt.
Choice boxed beef cutout value was $1.00 higher Monday afternoon at $315.70/cwt. Select was 91¢ lower at $306.23.
Futures and Equity markets were closed Monday in observance of President’s Day.
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