At the Chicago Mercantile Exchange, live cattle were mixed and feeders were higher, watching corn and direct cash business develop. October live cattle closed $.40 lower at $122 and December live cattle closed $.30 lower at $127.50. October feeder cattle closed $1.35 higher at $156.12 and November feeder cattle closed $1.47 higher at $157.05.
It was a quiet Tuesday for direct cash cattle trade activity. Bids were nonexistent. Asking prices were at $125 live in the South, while they’ve yet to surface out of the North.
