Cattle futures eased higher Tuesday, helped along by more bullish outside markets.
Toward the close, Live Cattle futures were an average of 28¢ higher, except for 25¢ lower in spot Dec. Feeder Cattle futures were an average of 40¢ higher, except for 12¢ lower in spot Nov and no trade in the back contract.
Negotiated cash fed cattle trade ranged from mostly inactive on light demand in the western Corn Belt to a standstill in other major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $190/cwt. in all regions with dressed delivered prices at $296-$298 in Nebraska and $298 in the western Corn Belt.
Choice boxed beef cutout value was 30¢ higher Tuesday afternoon at $317.21/cwt. Select was $1.92 lower at $285.24.
Grain and Soybean futures were stronger Tuesday with follow-through support from positive export sales.
Toward the close and through Sep ’25 contracts, Corn futures were fractionally higher to 2¢ higher. Kansas City Wheat futures were 5¢ to 6¢ higher. Soybean futures 2¢ to 7¢ higher.
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