At the Chicago Mercantile Exchange, live and feeder cattle closed higher, supported by oversold signals. Gains in the feeder cattle market were limited by the day’s higher move in corn. February live cattle closed $2.75 higher at $115.05 and April live cattle closed $2.85 higher at $119.10. January feeder cattle closed $1.72 higher at $136.67 and March feeder cattle closed $1.40 higher at $137.42.
Direct cash cattle trade activity was sluggish on Tuesday.
