Cattle futures closed mostly lower Tuesday, unable to muster much interest.
Feeder Cattle futures closed an average of 65¢ lower, except for unchanged to an average of 87¢ higher in the front three contracts.
Live Cattle futures closed an average of 53¢ lower, except for 20¢ higher spot Oct.
Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, FOB live prices were $182/cwt. in the Southern Plains and $183-$184 in the north. Dressed delivered prices were $288-$290.
Choice boxed beef cutout value was $2.36 lower Tuesday afternoon at $301.06/cwt. Select was $1.35 lower at $276.15/cwt.
Grain futures softened a touch Tuesday with likely positioning ahead of this week’s World Agricultural Supply and Demand Estimates.
Corn futures closed mostly 1¢ to 2¢ lower.
KC HRW Wheat closed 13¢ to 14¢ lower.