Cattle futures softened Tuesday as wholesale beef values continue to languish ahead of the expected seasonal uptick.
Live Cattle futures closed an average of 69¢ lower.
Feeder Cattle futures closed an average of $1.02 lower.
Wholesale beef values were weak on Choice and higher on Select with light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 36¢ lower Tuesday afternoon at $202.85/cwt. Select was 91¢ higher at $192.72.