Cattle futures hovered amid two-sided trading Tuesday.
Heading into the close, Live Cattle futures were narrowly mixed, from an average of 34¢ lower in the front four contracts to an average of 28¢ higher. Feeder Cattle futures were an average of 49¢ higher, except for 2¢ lower in Mar.
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, Live FOB prices were $180-$181/cwt. in the Texas Panhandle, $181 in Kansas, $180-$181 in Nebraska and $180-$183 in the western Corn Belt
Dressed delivered prices were $288 in Nebraska and $286-$288 in the western Corn Belt.
Choice boxed beef cutout value was 29¢ lower Tuesday afternoon at $308.23/cwt. Select was $1.48 lower at $297.01.
Corn and Soybean futures were lower Tuesday, pressured by the yield outlook and weaker crude oil prices.
Toward the close and through Jly ’25 contracts.
Corn futures were 2¢ to 3¢ lower.
Toward the close and through Jly ’25 contracts, Corn futures were 2¢ to 3¢ lower. Soybean futures were 17¢ to 20¢ lower. Kansas City Wheat futures were 6¢ higher.
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