Cattle futures tried to build on the previous day’s gains early in Tuesday’s session but quickly lost traction, amid sluggish two-sided trade with more uncertainly than direction.
Live Cattle futures closed an average of 48¢ lower through the front three contracts (5¢ to 67¢ lower) and then an average of 42¢ higher.
Feeder Cattle futures closed an average of 57¢ lower across the front half of the board (10¢ to 85¢ lower) and then an average of 28¢ higher.
There were a handful of early negotiated cash fed cattle live sales reported in Nebraska on Tuesday at $126/cwt., but there were too few transactions to trend.
Wholesale beef values were little changed Tuesday with Choice boxed beef cutout value 12¢ higher in the afternoon at $223.35/cwt. Select was 36¢ higher at $215.20.
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