At the Chicago Mercantile Exchange, live and feeder cattle were sharply higher ahead of the week’s direct business and the higher boxed beef during the session. April live cattle closed $3.72 higher at $186.07 and June lives closed $2.65 higher at $183.12. March feeders closed $3.92 higher at $246.67 and April feeders closed $3.45 higher at $251.70.
Direct cash cattle trade activity remained quiet Tuesday. Some early asking prices did surface around $181 to $182 live.
