At the Chicago

Mercantile Exchange, live cattle ended the day higher on oversold signals and reduced

overall meat supplies in Cold Storage. 

Feeder cattle were higher on the same factors with additional support

from the day’s lower move in corn.  August

live cattle closed $2.07 higher at $97.20 and October live cattle closed $1.30

higher at $99.87.  August feeder cattle

closed $1.45 higher at $133.20 and September feeder cattle closed $1.40 higher

at $134.47. 

Another round of light direct cash cattle trade has developed. 

…