Cattle futures closed narrowly mixed Tuesday with most of the pressure coming toward the front of the board, but remaining channel bound.
After 7¢ higher in spot Dec and then 5¢ to 22¢ lower in the next three contracts, Live Cattle futures closed an average of 44¢ higher.
Other than an average of 26¢ lower in three of the front contracts, Feeder Cattle futures closed an average of 33¢ higher.
Wholesale beef values were steady on moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 11¢ lower Tuesday afternoon at $239.01/cwt. Select was 12¢ lower at $215.47.
Combined, 78.19% of carcasses graded Prime and Choice the week ending Nov. 8, according to the USDA National Steer and Heifer Estimated Grading Percent report. That was the highest level since last May. At 9.89%, Prime was the highest since last March.
Corn futures closed mostly 2¢ to 3¢ higher.
Soybean futures closed mostly fractionally higher to 2¢ higher.