Cattle futures tried for gains early in Tuesday’s session, in the wake of the recent selloff but ended mainly slightly lower.
Before settlement, Live Cattle futures were an average of 32¢ lower except for an average of 33¢ higher in three contracts. Feeder Cattle futures closed were average of 36¢ lower, except for 5¢ higher at the back.
Negotiated cash fed cattle trade ranged from slow on light demand to a standstill elsewhere through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, FOB live prices were $188/cwt. in the Texas Panhandle, $187-$195 in Kansas, $196 in Nebraska and $194-$196 in the western Corn Belt. Dressed delivered prices were $310/cwt.
Choice boxed beef cutout value $2.13 lower Tuesday afternoon at $315.81/cwt. Select was 44¢ lower at $299.62.
Heading into the close, through Jly ’25 contracts, Corn futures were 3¢ lower. Kansas City Wheat futures were 2¢ to 4¢ higher. Soybean futures were 10¢ to 17¢ lower.
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