Cattle futures closed sharply lower Tuesday in response to USDA’s announced plans to begin reopening the Mexican border to cattle imports as soon as next week.

Toward the close, Live cattle futures were an average of $2.50 lower. Feeder Cattle futures were an average of $4.73 lower.

Negotiated cash fed cattle trade was inactive on light demand in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $223-$225/cwt. in the Texas Panhandle, $222-$225 in Kansas, $230-$232 in Nebraska  and $230-$233.50 in the western Corn Belt. Dressed delivered prices were mostly $368 in Nebraska and $368-$370 in the western Corn Belt.

Choice boxed beef cutout value was 4¢ higher Tuesday afternoon at $395.60. Select was $4.04 lower at $380.06.

Grain and Soybean futures were mixed Tuesday.

Toward the close and through Mar ‘26 contracts, Corn futures were mostly 3¢ lower, pressured by crop progress and weather. Kansas City Wheat futures were 4¢ higher on short covering. Soybean futures were mostly fractionally higher.