Cattle futures crept mostly higher Tuesday.
Feeder Cattle futures closed an average of 54¢ higher, except for an average of 55¢ lower in the front two contracts.
Live Cattle futures closed an average of 18¢ higher, except for an average of 8¢ lower in two contracts.
Negotiated cash fed cattle trade ranged from mostly inactive to a standstill through Tuesday afternoon with too few transactions to trend according to the Agricultural Marketing Service.
Last week, FOB live prices were $180/cwt. in the Southern Plains and $183-$184 in the North.
Dressed delivered prices were $290 in Nebraska and $288-$290 in the western. Corn Belt.
Choice boxed beef cutout value was $2.08 lower Tuesday afternoon at $308.03/cwt. Select was $1.66 lower at $283.78/cwt.
Corn futures faltered Tuesday, closing mostly 6¢ to 9¢ lower on the monthly World Agricultural Supply and Demand Estimates, which pegged harvested acres and production higher than the trade expected.
KC HRW Wheat closed 4¢ to 7¢ higher.
Soybean futures closed 12¢ to 22¢ lower.
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