At the Chicago Mercantile Exchange, live cattle were mostly higher and feeders were higher watching corn and the direct markets develop.  June live cattle closed $.05 lower at $132.72 and August live cattle closed $.22 lower at $132.75.  August

There was a light to moderate direct cash cattle trade that took place on Tuesday.  Live deals in the South were at $137, about $1 lower than last week’s weighted averages.  Bids were at $138 live and $225 dressed in Nebraska. 

…