Cattle futures firmed and clawed back a little ground without much conviction on Tuesday after being hammered by panic selling in the previous session, tied to Highly Pathogenic Avian Influenza (HPAI) in dairy cows linked to a rare case in humans.
Live Cattle closed an average of $1.02 higher (50¢ to $1.70 higher).
Feeder Cattle futures closed an average of $2.43 higher ($1.35 to $3.07 higher).
Negotiated cash fed cattle trade ranged from mostly inactive on light demand to a standstill through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.
Last week, FOB live prices were $186/cwt. in the Texas Panhandle, $185-$186 in Kansas, $189-$190 in Nebraska and $188-$190 in the western Corn Belt. Dressed delivered prices were $299-$302 in Nebraska and $299-$300 in the western Corn Belt.
Choice boxed beef cutout value was $1.58 lower Tuesday afternoon at $304.16/cwt. Select was $2.80 lower at $298.99/cwt.
Corn futures closed 4¢ to 9¢ lower through Sep ’25 and then fractionally lower to 2¢ lower.
KC HRW Wheat futures closed 9¢ to 13¢ lower through May ’25. and then 6¢ to 7¢ lower.
Soybean futures closed 4¢ to 11¢ lower through Jan ’25.
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