Live Cattle futures started strong but were an average of $1.14 lower toward the close Tuesday, as traders awaited the week’s cash direction. Feeder Cattle futures were an average of 21¢ lower.

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

Last week, FOB live prices were mostly $223/cwt. in the Texas Panhandle, $222 in Kansas, $235-$237 in Nebraska and $230-$237 in the western Corn Belt. Dressed delivered prices were $365-$370 in Nebraska and $371 in the western Corn Belt.

Choice boxed beef cutout value was 56¢ lower Tuesday afternoon at $365.44/cwt. Select was $1.59 lower at $356.52.

Turning to the grain complex, Corn and Soybean futures were higher Tuesday with likely short covering and perhaps some weather premium.

Toward the close and through Mar ‘26 contracts, Corn futures were unchanged to 2¢ higher. Soybean futures were 3¢ to 7¢ higher. Kansas City Wheat futures were 2¢ to 3¢ lower.