At the Chicago Mercantile Exchange, live and feeder cattle were supported by the sharply higher boxed beef at midday, waiting for direct business to develop. June live cattle closed $.65 higher at $177.62, and August lives closed $1.10 higher at $175.52. August feeders closed $1.55 higher at $254.42, and September feeders closed $1.57 higher at $255.45.
Direct cash cattle trade activity was quiet again Tuesday. Bids didn’t surface, but asking in the South started out around $186 to $187 live.
