Cattle futures were strongly higher Tuesday, helped along by early indications of steady to higher cash prices.

Toward the close, Feeder Cattle futures were an average of $1.77 higher. Live Cattle futures were an average of $1.48 higher.      

Negotiated cash fed cattle trade was slow on light demand in Kansas through Tuesday afternoon, according to the Agricultural Marketing Service. FOB live prices were steady at $191/cwt.

Elsewhere, trade ranged from mostly inactive to a standstill.

Last week, FOB live prices were $190-$191 in the Texas Panhandle and $190-$192 in the North. Dressed delivered prices were $297.

Choice boxed beef cutout value was $2.41 lower Tuesday afternoon at $311.73/cwt. Select was 31¢ higher at $279.65.

Grain and Soybean futures were higher Tuesday, benefiting from the friendly World Agricultural Supply and Demand Estimates (see below).

Toward the close and through Sep ’25 contracts,

Corn futures were mostly 6¢ to 7¢ higher. Kansas City Wheat futures were mostly 6¢ higher. Soybean futures were 4¢ to 5¢ higher.