At the Chicago Mercantile Exchange, live cattle ended the day mostly higher, and feeders were mixed, watching corn and direct cash business develop. June live cattle closed $.50 higher at $116.72 and August live cattle closed $.05 higher at $117.82. August feeder cattle closed $.95 lower at $149.25 and September feeder cattle closed $.67 lower at $151.95.
A light, scattered direct cash cattle trade took place on Tuesday. Deals in Nebraska were at $120 live and $190 to $191 dressed and in Iowa at $190 dressed, all fully steady with last week’s weighted average basis in Nebraska.
