Cattle futures on Tuesday picked up where they left off last week, gaining more ground, albeit with light and two-sided trade.
Live Cattle futures closed an average of 31¢ higher.
Feeder Cattle futures closed an average of 74¢ higher (30¢ to $1.10 higher).
Wholesale beef values were lower on Choice and sharply lower on Select with light demand and moderate offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.13 lower Tuesday afternoon at $206.13/cwt. Select was $2.45 lower at $203.73.
Corn futures closed 4¢ to 5¢ higher through Jly ’21 and then 1¢ to 2¢ higher.
Soybean futures closed 1¢ to 2¢ lower.