Cattle futures gained more steam on Tuesday, supported by the recent bounce in wholesale beef values and thoughts cash fed cattle prices could gain this week.

Toward the close, Live Cattle futures were an average of $4.52 higher. Feeder Cattle futures were an average of $6.56 higher.

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

Last week, FOB live prices were $255-$256/cwt. in the Texas Panhandle, $256 in Kansas and $255-$258 in the North. Dressed delivered prices were $403-$405.

Choice boxed beef cutout value was $4.53 higher Tuesday afternoon at $399.58/cwt. Select was 44¢ higher at $376.85.

Grain and Soybean futures were mixed on Tuesday.

Toward the close, and through near Mar contracts, Corn futures were 1¢ lower to 2¢ higher. Soybean futures were 9¢ to 11¢ higher on reports of China purchases. Kansas City HRW Wheat futures were 1¢ to 6¢ lower.