Negotiated cash fed cattle trade continued lower Tuesday, with dressed trade in Nebraska mostly $3-$7 lower than last week at $155/cwt.
Even so, Cattle futures found some spark, helped along by outside markets.
Except for 87¢ lower in spot Jun and 17¢ lower at the back, Live Cattle futures closed an average of 90¢ higher (37¢ to $2.07 higher).
Feeder Cattle futures closed an average of $1.39 higher.
Choice boxed beef cutout value was $2.25 lower Tuesday afternoon at $211.81/cwt. Select was 73¢ lower at $203.57.
Corn futures closed mostly 3¢ to 4¢ lower.
Soybean futures closed mostly 1¢ to 4¢ lower through Sep ’21 and then mostly fractionally higher.