Grain futures gained late in Tuesday’s session, apparently on reports that Russian missiles landed in Poland, causing fatalities.
Corn futures closed mostly 4¢ to 9¢ higher and Soybean futures closed mostly 12¢ to 16¢ higher.
Feeder Cattle futures closed an average of $1.84 lower. Live Cattle futures closed narrowly mixed, from an average of 15¢ lower in six contracts to an average of 27¢ higher.
Negotiated cash fed cattle trade ranged from mostly inactive on light demand to limited on light demand through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, live prices were $150/cwt. in the Southern Plains $153 in Nebraska and $153-$154 in the western Corn Belt. Dressed prices were $240-$242.
Choice Boxed beef cutout value was 38¢ higher Tuesday afternoon at $258.36/cwt. Select was $1.45 lower at $231.76/cwt.
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