After early follow-through support Tuesday, Cattle futures traders seemed content to hold their positions and wait for direction from the cash market.
Live Cattle futures closed narrowly mixed but mostly higher (35¢ lower to 30¢ higher).
Other than 35¢ lower at the front and 5¢ lower at the back, Feeder Cattle futures closed an average of 57¢ higher.
Wholesale beef values were lower on light demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.06 lower Tuesday afternoon at $215.39/cwt. Select was $1.18 lower at $189.66.
Corn futures closed mostly unchanged to fractionally mixed.
Soybean futures closed mostly 1¢ lower to 1¢ higher.
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