Negotiated cash fed cattle trade was $1 lower Tuesday, at $104/cwt. on a live basis in the Texas Panhandle, according to the Agricultural Marketing Service. Although too few transactions to trend, early prices also were lower in other regions: $103-$104 in Kansas, $103 in Nebraska and $102.50-$103.00 in the western Corn Belt. Early dressed sales in Nebraska were at $163-$164.
Even so, Cattle futures continued to mostly edge higher.
Other than 2¢ lower in away-Dec and $2.70 higher in recently minted away-Feb, Live Cattle futures closed an average of 31¢ higher.
Except for 17¢ lower in spot Sep, Feeder Cattle futures closed an average of 39¢ higher.
Choice boxed beef cutout value was 39¢ higher Tuesday afternoon at $228.34/cwt. Select was 57¢ lower at $214.75.
Corn futures closed fractionally higher to 1¢ higher.
Soybean futures closed mostly 3¢ to 5¢ higher.