Cattle futures traded mostly narrowly lower Tuesday after early support, pressured by holiday-lightened trade.
Feeder Cattle futures closed an average of 45¢ lower, except for 15¢ higher in May.
Live Cattle futures closed an average of 15¢ lower, except for unchanged to 25¢ higher in three contracts.
Negotiated cash fed cattle trade ranged from mostly inactive on very light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service, with too few transactions to trend.
Last week, live prices were $150/cwt. in the Texas Panhandle, $150-$152 in Kansas, $153-$155 in Nebraska and $152-$155 in the western Corn Belt. Dressed prices were $242.
Choice Boxed beef cutout value was $1.06 higher Tuesday afternoon at $256.63/cwt. Select was 95¢ higher at $234.18/cwt.
Corn futures closed mostly 1¢ to 3¢ lower.
Soybean futures closed mostly 2¢ to 4¢ lower.
POWERED BY BLUBRRY
