Cattle futures closed lower Tuesday, with likely profit taking and technical correcting. Toward the close, Live Cattle futures were an average of $1.19 lower. Feeder Cattle futures were an average of $3.08 lower

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

Last week, FOB live prices were $186-$187/cwt. in the Southern Plains and  $187-$188 in the North. Dressed delivered prices were steady at $296.

Choice boxed beef cutout value was $3.51 higher Tuesday afternoon at $316.83/cwt. Select was $2.99 higher at $292.09.

Grain and Soybean futures closed lower again, amid harvest pressure and lower outside markets, including Crude Oil.

Toward the close and through Sep ’25 contracts, Corn futures were 6¢ to 7¢ lower. Kansas City Wheat futures were 5¢ to 7¢ lower. Soybean futures were mostly 7¢ to 9¢ lower.