Feeder Cattle futures continued higher Tuesday, buoyed in part by the temporary suspension of live cattle imports from Mexico (see below).

Toward the close, Feeder Cattle futures were an average of $1.74 higher. Live Cattle futures were narrowly mixed, from an average of 19¢ lower in four contracts to an average of 21¢ higher.

Negotiated cash fed cattle trade ranged from inactive on very light demand to a standstill in all regions through Tuesday afternoon, according to the Agricultural Marketing Service.

Last week, FOB live prices were $186-$187/cwt. in the Southern Plains, $187-$188 in Nebraska and $186-$188 in the western Corn Belt. Dressed delivered prices were $290 in Nebraska and $290-$300 in the western Corn Belt.

Choice boxed beef cutout value was $1.86 higher Tuesday afternoon at $311.57/cwt. Select was $1.75 higher at $275.49.

Turning to the grain complex, futures were mixed. Toward the close and through Sep ’25 contracts, Corn futures were 3¢ to 5¢ lower. Kansas City Wheat futures were 1¢ to 2¢ higher. Soybean futures were 2¢ lower to 2¢ higher.