Wholesale beef prices surged higher Tuesday. Choice boxed beef cutout value was $3.93 higher Tuesday afternoon at $358.75/cwt. Select was 85¢ higher at $344.96.

Negotiated cash fed cattle trade was mostly inactive on light to moderate demand in all major cattle feeding regions through Tuesday afternoon, with too few transactions to trend, according to the Agricultural Marketing Service.

Last week, FOB live prices were $220/cwt. in the Southern Plains, mostly $229 in Nebraska and $228-$229 in the western Corn Belt. Dressed delivered prices were $358.

Cattle futures mainly wobbled sideways Tuesday, awaiting the week’s cash fed cattle direction.

Toward the close, Live Cattle futures were an average of 43¢ higher, except for 12¢ lower in near Aug. Feeder Cattle futures were mixed, from an average of 11¢ lower, to an average of 33¢ higher.

Apparent continued short covering and the softer U.S. dollar helped lift Grain and Soybean futures Tuesday.

Toward the close and through Mar ‘26 contracts, Corn futures were 6¢ to 7¢ higher. Kansas City Wheat futures were 13¢ to 15¢ higher. Soybean futures were 3¢ to 5¢ higher.