Negotiated cash fed cattle trade was very limited on light demand in Kansas and Nebraska through Tuesday afternoon. There were a very limited amount of live purchases in Kansas at $130-$134/cwt. and a very limited number of dressed trades in Nebraska at $210-$216—too few transactions to trend in either region.
After early support, Cattle futures continued lower, helped along by scattered but lower early-week cash prices for fed cattle and the notion that wholesale values are due to break lower.
Live Cattle futures closed an average of 73¢ lower (45¢ to 90¢ lower).
Except for unchanged at the very back of the board, Feeder Cattle futures closed an average of $1.24 lower (80¢ to $1.60 lower).
Choice boxed beef cutout value was $1.33 lower Tuesday afternoon at $251.19/cwt. Select was 32¢ lower at $221.45.