As expected, negotiated cash fed cattle trade remained undeveloped through Tuesday afternoon.
Cattle futures closed mostly narrowly lower, amid light holiday trade.
Except for 2¢ to 60¢ higher in three contracts, Live Cattle futures closed an average of 26¢ lower.
Except for 2¢ higher in Sep, Feeder Cattle futures closed an average of 13¢ lower.
Wholesale beef values were steady on Choice and lower on Select with light to moderate demand and heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 24¢ lower Tuesday afternoon at $209.42/cwt. Select was $3.29 lower at $202.12.
Corn futures closed fractionally lower to 1¢ lower.
Soybean futures closed 1¢ to 3¢ higher (mostly 1¢ higher).