Feeder cattle futures supported by lower move in corn

Feeder cattle futures supported by lower move in corn

At the Chicago Mercantile Exchange, live and feeder cattle were up following Friday’s On Feed report.  Feeders lead the way on the lower move in corn.  Boxed beef was also sharply higher at midday. June live cattle closed $.85 higher at $184.55 and August lives closed $.70 higher at $181.82.  August feeders closed $4.37 higher at $264.60 and September feeders closed $3.95 higher at $265.70. 

Direct cash cattle trade was quiet to start this holiday-shortened week.