Cattle futures closed higher on lower corn and soybean futures. The market is still waiting on a signal from cash business. Most market movement will likely come late in the week to see if packers or feedlots blink first on the cash front while processing numbers are down for Christmas and the New Year. Strong boxed beef movement could be bullish for the cattle complex, but mostly for live cattle futures.

There are a few scattered cattle bids in Nebraska at $218 to $220, but no takers; a few asking prices around $137 to $138 in the South.

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