Feeder Cattle futures closed higher Monday in anticipation of the USDA Cattle report (see below).
Feeder Cattle futures closed an average of $1.36 higher (93¢ to $2.23 higher).
Live Cattle futures closed mixed, from 33¢ down to 45¢ higher.
Negotiated cash fed cattle trade was at a standstill through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, live prices were $156/cwt. in the Southern Plains, $153-$156 in Nebraska and $152-$157 in the western Corn Belt. Dressed prices were $248.
Choice boxed beef cutout value was $2.01 lower Tuesday afternoon at $266.09/cwt. Select was $1.40 higher at $252.92/cwt.
Corn futures closed mixed, unchanged to down 4¢ through Sept. 23, then up 1¢ to 3¢.
KC HRW Wheat closed mostly down 2¢.
Soybean futures closed mixed, up fractionally to 2¢ higher in spot March and May respectively, then mostly down 1¢ to 4¢.
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