Cattle futures stuttered to a mostly narrowly mixed close to begin the trading week on Tuesday. Last week’s higher cash trade offers optimism, but traders continue to cast a wary eye toward deferred contracts with looming larger supplies.
Live Cattle futures closed marginally mixed, (30¢ lower to 20¢ higher).
Feeder Cattle futures closed mostly narrowly mixed (7¢ to 22¢ higher across the front half of the Board and then 12¢ to 85¢ lower).
Wholesale beef values appear to have rounded the seasonal corner, with a second consecutive day of healthy gains. Choice boxed beef cutout value was $3.35 higher on Tuesday afternoon at $215.92/cwt. Select was $2.97 higher at $210.40.
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