Cattle futures found some footing Tuesday, led by Feeder Cattle as the CME Feeder Cattle Index continued to rise — up about $5 in the last two days.
Toward the close, Feeder Cattle futures were an average of $1.48 higher. Live Cattle futures were an average of 73¢ higher.
Negotiated cash fed cattle trade was at a standstill in all regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $190/cwt. in the Southern Plains, $190-$192 in Nebraska and $185-$190 in the western Corn Belt. Dressed delivered prices were $290 in Nebraska and $294-$305 in the western Corn Belt.
Choice boxed beef cutout value was $3.68 lower Wednesday afternoon at $309.33/cwt. Select was $1.67 lower at $275.33.
Grain and Soybean futures closed mixed again Tuesday.
Toward the close and through Sep ’25 contracts, Corn futures were fractionally lower to 1¢ lower. Kansas City Wheat futures were 1¢ to 2¢ higher. Soybean futures were 2¢ to 6¢ higher.
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