At the Chicago
Mercantile Exchange, live cattle were mostly lower ahead of widespread direct
cash business.  Feeder cattle were mixed,
mostly higher with support in the deferred contracts on the day’s weakness in
corn.  August live cattle closed $.42
lower at $101.85 and October live cattle closed $.25 lower at $106.12.  August feeder cattle closed $.27 lower at
$141.32 and September feeder cattle closed $.02 lower at $142.97.

A light to moderate direct cash cattle trade took place in the South on Tuesday. 

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