At the Chicago Mercantile Exchange, live and feeder cattle were up, watching weather and waiting for direct business to develop. There was additional support from the lower move in corn. February live cattle closed $1.75 higher at $173.12 and April lives closed $1.00 higher at $175.17. March feeder cattle closed $1.12 higher at $228.82 and April feeder cattle closed $1.27 higher at $234.27.
Direct cash cattle trade activity was quiet again Tuesday. Asking prices did surface in the South around $174 to $175 live, while the North remained quiet.
