At the Chicago Mercantile Exchange, live cattle closed higher watching direct cash business develop while feeder cattle were pressured by the day’s higher move in corn.  June live cattle closed $.82 higher at $136.25 and August live cattle closed $.95 higher at $138.27.  May feeder cattle closed $.57 lower at $160.72 and August feeder cattle closed $1.35 lower at $173.15. 

There was another round of direct cash cattle trade that took place on Tuesday. 

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