At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, watching corn and direct business develop. June live cattle closed $1.85 higher at $121.22 and August live cattle closed $2.62 higher at $123.90. August feeder cattle closed $2.22 higher at $156.82 and September feeder cattle closed $1.82 higher at $158.65.
It was an active Tuesday for direct cash cattle trade. Dressed deals in Nebraska are at mostly $195, which’s $4 higher than last week’s weighted average basis.
