Cattle futures were narrowly mixed but mainly higher Tuesday.
Before settlement, Live Cattle futures were an average of 41¢ higher, except for 12¢ lower in three contracts.
Feeder Cattle futures were an average of 39¢ higher, except for 31¢ lower in three contracts.
Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $190/cwt. in the Southern Plains, $198 in Nebraska and $196-$198 in the western Corn Belt. Dressed delivered prices were $2 higher at $312/cwt.
Choice boxed beef cutout value was 33¢ lower Tuesday afternoon at $314.48/cwt. Select was 14¢ lower at $301.38/cwt.
Grain and Soybean futures were lower Tuesday with continued pressure from the favorable weather outlook.
Heading into the close, through Jly ’25 contracts, Corn futures were 6¢ to 7¢ lower. Kansas City Wheat futures were 3¢ to 5¢ lower. Soybean futures were mostly 16¢ to 30¢ lower.
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