Although too few transactions to trend, there was some early negotiated cash fed cattle trade Tuesday. Live prices in the Southern Plains were on either side of steady at $95/cwt. in the Texas Panhandle and $95.00-$97.50 in Kansas, according to the Agricultural Marketing Service. Early dressed sales in the western Corn Belt were at $161, compared to $158 last week.
Cattle futures closed higher Tuesday, off of session highs and square in the same trading channel of recent weeks.
Live Cattle futures closed an average of 48¢ higher (22¢ to $1.17 higher).
Feeder Cattle futures closed an average of 78¢ higher (15¢ to $1.67 higher).
Choice boxed beef cutout value was 41¢ higher Tuesday afternoon at $202.96/cwt. Select was $1.81 lower at $188.32.
Corn futures closed mostly 3¢ to 4¢ lower.
Soybean futures closed 8¢ to 12¢ lower.