At the Chicago Mercantile Exchange, live cattle closed higher waiting for direct business to develop with some support from the stronger boxed beef prices. Feeder cattle were lower, pressured by the higher move in corn. February live cattle closed $.47 higher at $117 and April live cattle closed $.15 higher at $123.10. January feeder cattle closed $.90 lower at $135.65 and March feeder cattle closed $2.37 lower at $141.47.
Direct cash cattle trade was relatively quiet again on Tuesday.
