At the Chicago Mercantile Exchange, live cattle futures were up and feeders were mostly higher, supported by the week’s direct cash business, which helped feeders shrug off the continued rally in corn. December live cattle expired at $112.95, up $.82, while February was $.57 higher at $115.02 and April gained $.65 to $119.25. January feeder cattle were $.42 higher at $138.95 and March was up $.47 at $140.22.
Light to moderate direct cash cattle trade developed by the end of the day.
