Cattle futures gained Tuesday.
Heading into the close, Live Cattle futures were an average of $1.11 higher. Feeder Cattle futures were an average of $1.80 higher
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 $181/cwt. in the Texas Panhandle, $180-$181 in Kansas, $181-$182 in Nebraska and $182-$183 in the western Corn Belt. Dressed delivered prices were $288-$294.
Choice boxed beef cutout value was 66¢ lower Tuesday afternoon at $303.91/cwt. Select was 8¢ higher at $292.22.
Heading toward the close and through Jly ’25 contracts, grain futures were narrowly changed. Corn futures were 1¢ to 2¢ higher. Kansas City Wheat futures were fractionally higher. Soybean futures were 2¢ higher.
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