Cattle futures wobbled Tuesday with indecisive two-sided trade.
Toward the close, Live Cattle futures were an average of 25¢ higher, except for 53¢ lower in two contracts.
Feeder Cattle futures were an average of 45¢ lower, except for 32¢ higher in Nov.
Negotiated cash fed cattle trade was mostly inactive on light demand through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $225/cwt. in Kansas, $220-$225 in Nebraska and $220 in the western Corn Belt. Dressed delivered prices were $340-$345.
FOB live prices in the Texas Panhandle the previous week were $215-$220.
Choice boxed beef cutout value was 14¢ higher Tuesday afternoon at $361.04/cwt. Select was 57¢ lower at $348.60.
Grain and Soybean futures were mixed on Tuesday.
Toward the close and through Jly contracts, Corn futures were mostly fractionally lower 4¢ higher, helped by reduced ending stocks in the latest World Agricultural Supply and Demand Estimates.
KC HRW Wheat futures were unchanged to fractionally mixed, challenged by an increase in estimated global ending stocks.
Soybean futures were 6¢ to 7¢ lower, with no supply or use changes in the WASDE.
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