At the Chicago Mercantile Exchange, live and feeder cattle were lower pressured by higher corn and watching the rest of the week’s cash business develop. June live cattle closed $1.60 lower at $133.32 and August live cattle closed $1.55 lower at $134.65. May feeder cattle closed $3.47 lower at $159 and August feeder cattle closed $2.72 lower at $171.37.
There was a light direct cash cattle trade on Tuesday following the light trade on Monday.