At the Chicago Mercantile Exchange, live cattle were supported by the discount to cash, and feeders were up on the lower move in corn. Both are waiting for the week’s direct business to develop. June live cattle closed $1.90 higher at $175.72 and August live cattle closed $1.80 higher at $172.92. May feeder cattle closed $2.97 higher at $240.97 and August feeder cattle closed $2.57 higher at $252.35.
Direct cash cattle trade activity was quiet again Tuesday.
