Cattle futures were higher Tuesday, helped along by stronger wholesale beef values, another day of lower Corn futures and follow-through support tied to the recent Cattle on Feed report.

Toward the close on Tuesday, Live Cattle futures were an average of 82¢ higher. Feeder Cattle futures were an average of $1.98 higher.

Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday, according to the Agricultural Marketing Service.

Last week, FOB live prices were $199/cwt. in the Southern Plains, $199-$200 in Nebraska and $199-$201 in the western Corn Belt. Dressed delivered prices were $315.

Choice boxed beef cutout value was 59¢ higher Tuesday afternoon at $314.32/cwt. Select was 16¢ higher at $304.13.

Grain and Soybean futures eased lower again Tuesday with likely month-end position squaring and wariness about any initial acreage projections USDA shares during this week’s Agricultural Outlook Forum.  

Toward the close and through Sep ’25 contracts, Corn futures were 1¢ to 2¢ lower. Kansas City Wheat futures were 2¢ to 3¢ lower. Soybean futures were 1¢ lower to 2¢ higher.