Beef futures began the session steady to weak as spot-June traders factored in last week's cattle trade, which also stirred initial June/August bull spreads.

Live-basis cattle sales last week ranged from $92 to $93.50 per hundredweight, which was fairly consistent with the previous week's sales. No packer bids or asking prices were reported on Monday as both sides evaluate this week's show lists.

A potential obstacle for cash cattle prices this week is wholesale beef demand that has been rather inconsistent lately, a broker said.

The U.S. Department of Agriculture's midday boxed beef wire on Monday showed choice cuts up $0.81 per hundredweight and select items dipped $0.28.

Source: FXSTREET