Cattle futures closed narrowly mixed for the second consecutive session on Tuesday, amid seasonally declining wholesale beef prices and awaiting cash direction.
Live Cattle futures closed from an average of 22¢ lower across the front half of the board to an average of 11¢ higher.
Other than unchanged and 5¢ lower in Sep and Oct, Feeder Cattle futures closed an average of 26¢ higher.
Wholesale beef values were lower to sharply lower on light to moderate demand and heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $2.15 lower Tuesday afternoon at $221.49/cwt. Select was $1.14 lower at $205.35.
Corn futures closed mostly 1¢ to 2¢ higher.
Soybean futures closed mostly 1¢ to 3¢ higher.