Cattle futures closed narrowly mixed on Tuesday, amid lackluster trade and little direction.
Other than 2¢ higher in spot Feb, Live Cattle futures close an average of 9¢ lower.
Feeder Cattle futures closed narrowly mixed, from an average of 26¢ lower across the front half of the board to an average of 20¢ higher across the back half.
Wholesale beef values were steady on moderate demand and moderate to heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 13¢ lower Tuesday afternoon at $214.51/cwt. Select was 1¢ lower at $213.47. Other than a single day last February, the Choice-Select spread the past four days ($1.04 to $1.43) is the narrowest since September of 2017.
Corn futures closed 1¢ lower across the front half of the board and then fractionally lower.
Soybean futures closed 10¢ to 13¢ lower through Sep ’20 and then mostly 6¢ to 7¢ lower.