Cattle futures were mostly higher on Tuesday, despite resurgent oil prices and volatile equity markets. Toward the close, Live Cattle futures were an average of 47¢ higher, except for an average of 15¢ lower in the front two contracts. Feeder Cattle futures were an average of $1.91 higher.

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 mostly $235/cwt. Dressed delivered prices were mostly $372.

Choice boxed beef cutout value was 78¢ higher Tuesday afternoon at $399.91/cwt. Select was 67¢ higher at $394.50.

Grain futures were higher Tuesday, buoyed by higher crude oil prices.

Toward the close, and through near Sep contracts, Kansas City HRW Wheat futures mostly 2¢ to 3¢ higher. Corn futures were 1¢ to 2¢ higher. Soybean futures were mostly 3¢ to 9¢ lower.