Toward the close, Live Cattle futures were an average of 54¢ higher. Feeder Cattle futures were an average of $1.51 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.
Last week, FOB live prices were $1 higher in the Southern Plains at $186/cwt., steady in Nebraska at $187 and mostly steady to $2 higher in the western Corn Belt at $187-$188. Dressed delivered prices were $2 higher in Nebraska at $296 and $2-$4 higher in the western Corn Belt at $296.
Choice boxed beef cutout value was 91¢ higher Tuesday afternoon at $306.84/cwt. Select was 72¢ lower at $288.61.
Corn and soybean futures were lower Tuesday with harvest pressure and a more positive planting outlook for South America.
Toward the close and through Sep ’25 contracts, Corn futures were mostly 2¢ to 5¢ lower. Soybean futures were 15¢ to 19¢ lower. Kansas City Wheat futures were fractionally lower.
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