Cattle futures were higher Tuesday on fundamental strength and more bullish outside markets. Reports of early steady to higher cash fed cattle prices were also supportive.

Toward the close, Live Cattle futures were an average of $2.42 higher.  Feeder Cattle futures were an average of $4.88 higher.

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

Last week, FOB live prices were $252-$257/cwt. in Nebraska and mostly $255 elsewhere. Dressed delivered prices were mostly $400.

Choice boxed beef cutout value was 78¢ higher Tuesday afternoon at $392.34/cwt. Select was $1.64 higher at $392.24.

Grain and Soybean futures trended lower on Tuesday with likely profit taking, producer selling and lower Crude Oil prices.

Toward the close, and through near Dec contracts, Kansas City HRW Wheat futures were 3¢ to 9¢ lower. Corn futures were 4¢ to 8¢ lower. Soybean futures were 8¢ to 13¢ lower through near Nov.