At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, waiting for direct business to develop, with feeders leading the way on the lower corn. December live cattle closed $1.10 higher at $129.95 and February live cattle closed $1.32 higher at $135.22.  November feeder cattle closed $3.17 higher at $157.57 and January feeder cattle closed $4.30 higher at $157.02. 

There was a very light trade that took place on Tuesday.  Live deals in Texas were at $128, which is $3 higher than last week’s weighted averages.  Asking prices in other parts of cattle country were at $128 live in the South, while the North remained quiet.  Look for significant trade volume to develop Wednesday or later. 

At the Joplin Regional Stockyards in Missouri, compared to last week feeder steers were steady to $2 higher. 

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