Cattle futures closed higher on Tuesday, though off of session highs, boosting hopes for steady to slightly higher negotiated cash fed cattle prices this week.
Live Cattle futures closed an average of 35¢ higher (10¢ higher to 62¢ higher in nearly spent Feb).
Feeder Cattle futures closed an average of $1.14 higher (95¢ to $1.42 higher).
Choice boxed beef cutout value was $1.00 higher on Tuesday afternoon at $220.52/cwt. Select was 7¢ higher at $214.79.
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