Cattle futures were mixed to mainly higher on Tuesday.
Toward the close, Live Cattle futures were an average of 11¢ lower to an average of 28¢ higher. Feeder Cattle futures were an average of $1.62 higher.
Negotiated cash fed cattle trade ranged from limited on light demand in Nebraska to mostly inactive on light demand in the western Corn Belt through Tuesday afternoon, according to the Agricultural Marketing Service. Although too few transactions to trend, there were some early dressed delivered trades in Nebraska at $348-$350/cwt.
Last week, FOB live prices were mostly $222/cwt. in Nebraska and mostly $221 in the western Corn Belt. Dressed delivered prices were $345-$350.
Choice boxed beef cutout value was $2.18 higher Tuesday afternoon at $382.66/cwt. Select was $6.25 higher at $364.48.
Grain and Soybean futures were mixed Tuesday.
Through late afternoon, and through the front four contracts, Soybean futures were 8¢ to 9¢ higher, helped by reports of Chinese demand. Corn futures were fractionally lower with likely harvest pressure. Kansas City HRW Wheat futures were mostly fractionally lower to 2¢ lower.
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