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Cattle futures bounced back Tuesday, supported by resurgent wholesale beef values.
Toward the close and ahead of settlement, Live Cattle futures were an average of $1.06 higher. Feeder Cattle futures were an average of $1.60 higher.
Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $184/cwt. in the Southern Plains $186-$187 in Nebraska and $185-$187 in the western Corn Belt. Dressed delivered prices were $294-$295.
Wholesale beef prices continued to firm, offering hopes that the seasonal rally has begun.
Choice boxed beef cutout value was 27¢ lower Tuesday afternoon at $298.49/cwt. Select was $2.59 higher at $292.34/cwt.
Grain futures softened Tuesday amid likely producer selling. Heading into the close, Corn futures were narrowly mixed from fractionally lower to 3¢ lower in the front three contracts and then fractionally higher to 1¢ higher through Dec ‘25. Kansas City Wheat futures were 7¢ to 15¢ lower through May ‘25. However, Soybean were mostly 3¢ to 7¢ higher through Jly ‘25.
By Wes Ishmael: cattle business analyst and journalist4.8
3939 ratings
Cattle futures bounced back Tuesday, supported by resurgent wholesale beef values.
Toward the close and ahead of settlement, Live Cattle futures were an average of $1.06 higher. Feeder Cattle futures were an average of $1.60 higher.
Negotiated cash fed cattle trade was at a standstill in all major cattle feeding regions through Tuesday afternoon, according to the Agricultural Marketing Service.
Last week, FOB live prices were $184/cwt. in the Southern Plains $186-$187 in Nebraska and $185-$187 in the western Corn Belt. Dressed delivered prices were $294-$295.
Wholesale beef prices continued to firm, offering hopes that the seasonal rally has begun.
Choice boxed beef cutout value was 27¢ lower Tuesday afternoon at $298.49/cwt. Select was $2.59 higher at $292.34/cwt.
Grain futures softened Tuesday amid likely producer selling. Heading into the close, Corn futures were narrowly mixed from fractionally lower to 3¢ lower in the front three contracts and then fractionally higher to 1¢ higher through Dec ‘25. Kansas City Wheat futures were 7¢ to 15¢ lower through May ‘25. However, Soybean were mostly 3¢ to 7¢ higher through Jly ‘25.

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