Negotiated cash fed cattle trade ranged from mostly limited on light demand to a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.
Live prices last week were $157/cwt. in the Southern Plains and Nebraska and $158-$160 in the western Corn Belt. Dressed prices were $252.
Choice boxed beef cutout value was $1.61 lower Tuesday afternoon at $284.53/cwt. Select was $1.27 lower at $258.33/cwt.
Cattle futures closed narrowly mixed Tuesday, despite early Corn futures momentum.
Feeder Cattle futures closed from an average of 16¢ lower to an average of 26¢ higher.
Live Cattle futures closed an average of 17¢ higher, except for unchanged in spot Feb.
Corn futures closed mostly 1¢ to 3¢ lower.
Soybean futures closed widely mixed.
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