Episode Details

Cattle futures were lower Tuesday, led by Feeder Cattle.

Toward the close, Live Cattle futures were an average of 32¢ lower. Feeder Cattle futures were an average of $1.62 lower, except for 35¢ higher in spot Aug.

Negotiated cash fed cattle trade was mostly inactive on light demand in Kansas and in the North through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $255/cwt. in Kansas, $255-$256 in Nebraska and mostly $255 in the western Corn Belt. Dressed delivered prices were mostly $403. The previous week, FOB live prices in the Texas Panhandle were $258.

Choice boxed beef cutout value was 75¢ lower Tuesday afternoon at $385.77/cwt. Select was 2¢ higher at $365.89.

Grain and Soybean futures continued higher Tuesday with follow-through support.

Toward the close and through near Mar contracts, Corn futures were mostly 2¢ to 6¢ higher. Soybean futures were 4¢ to 18¢ higher. Kansas City HRW Wheat futures were 1¢ to 2¢ higher.