Cattle futures eased lower Tuesday with likely profit taking from the previous session’s strong gains.
Toward the close, Live Cattle futures were an average of 73¢ higher (35¢ to $1.17 higher), except for an average of 32¢ lower in the front three contracts.
Feeder Cattle futures were an average of 41¢ higher, except for an average of 31¢ lower in the front three contracts.
Negotiated cash fed cattle trade was mostly inactive on moderate demand in all major cattle feeding regions through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, FOB live prices were $218-$219/cwt. in the Texas Panhandle, $218-$220 in Kansas and $225-$228 in the North. Dressed delivered prices were $355.
Choice boxed beef cutout value was $1.96 higher Tuesday afternoon at $350.10/cwt. Select was 76¢ lower at $334.47.
Grain and Soybean futures were mixed Tuesday.
Toward the close and through Mar ‘26 contracts, Corn futures were 3¢ to 5¢ lower. Kansas City Wheat futures were 3¢ to 4¢ higher. Soybean futures were mostly 3¢ to 5¢ higher.
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