Chicago Mercantile Exchange live cattle futures were up and feeders were mostly higher, supported by the recent strength in beef and getting ready for the week’s direct business. August live was up $.65 at $123.65 and October was $.65 higher at $128.12. August feeders were $.02 higher at $159.32 and September was $.15 lower at $163.05.
Direct cash cattle trade was quiet on Tuesday with too little business to establish a range. Asking prices in the South came in from $123 to $124 live.
