At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct cash business. Boxed beef was also lower at midday. April live cattle closed $.82 lower at $185.10 and June lives closed $.97 lower at $182.55.  March feeders closed $.82 lower at $248 and April feeders closed $1.42 lower at $251.75. 

Direct cash cattle trade activity remained relatively quiet Tuesday. A handful of sales were reported in Iowa at $180 live, following the light business reported on Monday at $286 dressed.

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