Cattle futures softened Tuesday, following the previous session’s strong gains, apparently pressured mostly by the lower outside markets.
Live Cattle futures closed an average of 48¢ lower (2¢ to 92¢ lower).
Feeder Cattle futures closed an average of 75¢ lower.
Wholesale beef values were higher on Choice and lower on Select with light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.00 higher Tuesday afternoon at $210.28/cwt. Select was 80¢ lower at $196.86.