Cattle futures softened Tuesday with limited interest and light trade.
Live Cattle futures closed an average of 33¢ lower, except for unchanged in away Dec.
Feeder Cattle futures closed an average of 94¢ lower (45¢ to $1.52 lower)
Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, FOB live prices were $178/cwt. in all regions and dressed prices were $282.
Choice boxed beef cutout value was 6¢ higher Tuesday afternoon at $295.81/cwt. Select was $2.18 lower at $268.77/cwt.
Soybean futures closed mostly 7¢ to 11¢ higher, leading grains higher.
Corn futures closed mostly 1¢ to 2¢ higher.
KC HRW Wheat futures closed 4¢ to 6¢ higher.
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