Negotiated cash fed cattle trade remained undeveloped through Tuesday afternoon.
Live Cattle futures closed an average 48¢ lower (12¢ to 77¢ lower).
Except for 57¢ and 2¢ higher in the front two contracts, Feeder Cattle futures closed an average of 89¢ lower.
Corn futures closed mostly 1¢ to 2¢ lower.
Soybean futures closed 3¢ to 5¢ lower.
Wholesale beef values were firm on light to moderate demand and offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 51¢ higher Tuesday afternoon at $229.51/cwt. Select was 26¢ higher at $218.99.