Although there were too few transactions to trend, cash live fed cattle sales were reported in Kansas and Iowa-Minnesota on Tuesday at $115-$116, which is steady to $2 shy of last week’s pace in those regions. There were a few dressed trades in Nebraska at $184-$186, compared to $187-$188 last week.
Cattle futures drifted to a mostly lower close on Tuesday, unable to sustain the hint of early support.
Choice boxed beef cutout value was 47¢ lower Tuesday afternoon at $202.25/cwt. Select was 14¢ lower at $196.86.
Except for 15¢ and 2¢ higher at the back, Live Cattle futures closed an average of 37¢ lower (25¢ to 52¢ lower).
Except for 15¢ higher in April, Feeder Cattle futures closed an average of 36¢ lower (10¢ to 72¢ lower).
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