Live cattle futures closed $1.85 to $2.20 higher on Monday. Cash trade from last week showed sales of $230-232 in the North, with sales of $222-224 in the South creeping to $225 late in the week. Feeder cattle futures were up $4.15 to $4.25 on the Monday session. The CME Feeder Cattle Index was up 8 cents to $312.04 on July 4.CFTC data showed spec funds trimming back their net long in live cattle futures options by 3,431 contracts to 129,462 contracts. In feeder cattle, managed money cut back 1,620 contracts from their large net long to 33,886 contracts.USDA Wholesale Boxed Beef prices were mixed in the Monday PM report, with the Chc/Sel spread widening to $13.45. Choice boxes were up $1.23 to $390.98 while Select was quoted 91 cents lower at $377.53/cwt. Estimated cattle slaughter for Monday was 114,000 head according to the USDA. That was 4,000 head below last week, but 1,934 head above the same Monday last year.Aug 25 Live Cattle  closed at $215.900, up $1.850,Oct 25 Live Cattle  closed at $212.950, up $2.050,Dec 25 Live Cattle  closed at $213.425, up $2.175,Aug 25 Feeder Cattle  closed at $313.725, up $4.225,Sep 25 Feeder Cattle  closed at $313.525, up $4.150,Oct 25 Feeder Cattle  closed at $311.350, up $4.200, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.