At the Chicago Mercantile Exchange, live cattle closed mostly higher and feeder cattle were mostly lower ahead of widespread direct business. Feeder cattle had additional pressure from the day’s higher move in corn. December live cattle closed $.05 higher at $111.87 and February live cattle closed $.02 higher at $115.10. November feeder cattle closed $.77 at $140.85 and January feeder cattle closed $.32 lower at $140.40.
A quiet Tuesday for direct cash cattle trade activity. Bids were elusive again and asking prices held around $112 live in the South and $175 dressed in the North.
