At the Chicago Mercantile Exchange, live and feeder cattle were lower, watching corn, and waiting for direct business to develop. February live cattle closed $.55 lower at $138.30 and April live cattle closed $.37 lower at $142. January feeder cattle closed $.95 lower at $164.57 and March feeder cattle closed $.07 lower at $166.40.
It was a quiet Tuesday for direct cash cattle trade activity. There were a handful of deals reported at $138 live in Texas, but not near enough to establish a trend.
