Cattle futures rolled higher Tuesday, supported by cash.
Live Cattle futures closed an average of $1.76 higher. Feeder Cattle futures closed an average of $4.31 higher. They’re taking a breather so far on Wednesday.
Negotiated cash fed cattle trade was inactive on light to moderate demand in all regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $235/cwt. in Kansas, $234-$235 in Nebraska and mainly $235 in the western Corn Belt. Dressed delivered prices were $362.
FOB live prices in the Texas Panhandle the previous week were $233.
Choice boxed beef cutout value was 51¢ higher Tuesday afternoon at $364.42/cwt. Select was 80¢ higher at $350.55.
Grain futures were higher Tuesday, especially Wheat on likely short covering and technical buying.
KC HRW Wheat closed 5¢ to 7¢ higher. Corn futures closed 1¢ to 2¢ higher through Jly ’26 and then unchanged to fractionally mixed. Soybean futures closed mostly 1¢ to 2¢ lower.
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