Cattle futures eased higher Tuesday, with follow-through support.
Feeder Cattle futures closed an average of 65¢ higher.
Live Cattle futures closed an average of 25¢ higher (10¢ higher at the back to 72¢ higher at the front).
Corn futures closed mostly 1¢ to 4¢ higher.
KC HRW Wheat closed 6¢ to 8¢ lower through May ‘24 and then mostly 1¢ lower.
Soybean futures closed mostly 5¢ to 8¢ higher.
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.
Live prices last week were $175/cwt. in the Southern Plains, $182-$184 in Nebraska and $180-$184 in the western Corn Belt. Dressed prices were $290.
Choice boxed beef cutout value was $1.08 higher Tuesday afternoon at $307.06/cwt. Select was $2.29 higher at $291.61/cwt.
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