Negotiated cash fed cattle trade ranged from a standstill to mostly inactive on very light demand through Tuesday afternoon with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, live prices were $142/cwt. in the Southern Plains and Colorado; $140 in Nebraska and the western Corn Belt. Dressed prices were $220.
Cattle futures drifted amid lackluster trading interest Tuesday.
Live Cattle futures closed an average of 19¢ lower, except for 5¢ higher in spot Dec.
Feeder Cattle futures closed an average of 56¢ lower (22¢ lower in spot Jan to $1.17 lower in the back contract).
Choice boxed beef cutout value was $4.50 lower Tuesday afternoon at $268.03/cwt. Select was $2.17 lower at $255.68.
Corn futures closed mostly 2¢ higher.
Soybean futures closed 7¢ to 11¢ lower through the front five contracts and then mostly 2¢ to 3¢ higher.