At the Chicago Mercantile Exchange, live cattle closed higher and feeders were mostly higher supported by sharply higher wholesale values and the stronger start to the week’s cash business. June lives closed $.40 higher at $118.62 and August live cattle closed $1.70 higher at $122.05. May feeder cattle closed $.12 lower at $135.32 and August feeder cattle closed $.15 higher at $148.85.
A light direct cash cattle trade took place on Tuesday. Deals in Eastern Nebraska were marked at $191 dressed, that’s $2 higher than last week’s weighted averages.
