Cattle futures were narrowly mixed Tuesday with pressure from outside markets and wonderment about this week’s cash fed cattle prices.
Toward the close, Live Cattle futures were narrowly mixed, from unchanged to 12¢ lower in five contracts to an average of 13¢ higher. Feeder Cattle futures were an average of 20¢ higher, except for 15¢ lower in the back contract.
Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $202-$203/cwt. in the Southern Plains and $206 in the North. Dressed delivered prices were $325.
Choice boxed beef cutout value was $2.16 higher Tuesday afternoon at $323.32/cwt. Select was $1.33 higher at $309.23.
Grain and Soybean futures were mixed again Tuesday.
Toward the close and through Sep ’25 contracts, Kansas City Wheat futures were fractionally mixed. Corn futures were 1¢ to 3¢ lower. Soybean futures were 2¢ to 3¢ lower.
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