Cattle futures gained some Tuesday with a likely technical bounce.
At the close and before final settlement, Live Cattle futures closed an average of $1.26 higher, while Feeder Cattle futures closed an average of $1.94 higher.
Negotiated cash fed cattle trade was at a standstill through in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $184/cwt. in the Texas Panhandle, $183-$184 in Kansas and $187 in the north. Dressed delivered prices were $296-$297 in Nebraska and $297 in the western Corn Belt.
Choice boxed beef cutout value was 2¢ higher Tuesday afternoon at $302.09/cwt. Select was 37¢ lower at $299.90.
Turning to row crops, positive weather outlooks in the U.S. and South America helped pressure grains Tuesday. Heading toward the close,
Corn futures were down 4¢ to 6¢ through Dec. ’25, Kansas City Wheat futures were mostly 6¢ to 13¢ lower through Dec ’25 and Soybean futures were mostly 6¢ lower through the front of the Board.
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Android | RSS | More