At the Chicago Mercantile Exchange, live cattle closed mixed, mostly lower watching direct business develop. Feeder cattle closed mostly higher on spread trade with support from the day’s lower move in corn. December live cattle closed $.15 lower at $107.85 and February live cattle closed $.25 lower at $110.77. January feeder cattle closed $.22 lower at $137.57 and March feeders closed $.35 higher at $138.50.
A light to moderate direct cash cattle trade took place on Tuesday.
