At the Chicago Mercantile Exchange, live cattle closed mixed, mostly higher, ahead of widespread direct business and feeder cattle closed sharply lower, pressured by the days sharply higher move in corn. February live cattle closed $.92 lower at $112.47 and April live cattle closed $.70 lower at $117.65. January feeder cattle closed $2.77 lower at $133.22 and March feeder cattle closed $2.92 lower at $133.97.
A light direct cash cattle trade developed late in the afternoon on Tuesday.
