Cattle futures continued lower with outside markets Tuesday.
Feeder Cattle futures closed an average of $1.02 lower.
Live Cattle futures closed an average of 67¢ lower.
Negotiated cash fed cattle trade was steady in the Southern Plains Tuesday at $143/cwt. on slow trade and moderate demand.
Elsewhere, trade was inactive on light demand.
Last week, live prices were $144-$145 in Nebraska and $145-$148 in the western Corn Belt. Dressed prices were $228-$232 in Nebraska and $227-$243 in the western Corn Belt.
Choice Boxed beef cutout value was $1.07 higher Tuesday afternoon at $248.91/cwt. Select was 1.27 lower at $222.08/cwt.
Corn futures closed 1¢ to 2¢ higher through Jly ‘23 and then mostly unchanged to fractionally lower.
Soybean futures closed 1¢ to 3¢ lower through Aug ‘23 and then mostly fractionally higher.
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