Cattle futures closed narrowly mixed Tuesday, awaiting cash direction.
Live Cattle futures closed mixed but mostly marginally lower (an average of 17¢ lower to an average of 25¢ higher).
Feeder Cattle futures closed an average of 72¢ higher (17¢ higher in spot Sep to $1.10 higher).
Choice boxed beef cutout value was $1.12 lower Tuesday afternoon at $216.09/cwt. Select was $1.48 lower at $206.28.
Corn futures closed mostly 3¢ lower.
Soybean futures closed 4¢ to 8¢ lower through May ’21 and then 2¢ higher to 2¢ lower.