Although too few to trend, negotiated cash fed cattle trade took on a lower feel Tuesday with early live trades in Kansas and Nebraska at $119-$120/cwt., compared to $121 last week.
Cattle futures continued lower, pressured by the softer tone of the cash market.
Live Cattle futures closed an average of $1.11 lower (67¢ to $1.50 lower).
Feeder Cattle futures closed an average of $1.10 lower.
Wholesale beef values were lower on Choice and higher on Select with light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.08 lower Tuesday afternoon at $207.83/cwt. Select was 83¢ higher at $204.53.
Corn futures closed mostly 1¢ lower.
Soybean futures closed unchanged to fractionally higher.