Bullish traders won the light-traded standoff in Cattle futures on Tuesday, as wholesale beef values continued to drift lower. Cash fed cattle trade was at a standstill.
Live Cattle futures closed $1.14 higher through the front five contracts and then 15¢-62¢ higher.
Except for 47¢ and 55¢ higher in the back two contracts, Feeder Cattle futures closed an average of $1.99 higher ($1.47 to $2.57 higher).
Choice boxed beef cutout value was $2.30 lower Tuesday afternoon at $215.24/cwt. Select was $2.16 lower at $200.51.