At the Chicago Mercantile Exchange, live and feeder cattle were higher waiting for direct business to develop, feeder cattle had additional support from the day’s drop in the corn market. April live cattle closed $.60 higher at $140.90 and June live cattle closed $1.70 higher at $138.47. April feeder cattle closed $3.52 higher at $164.35 and May feeders closed $4.32 higher at $169.40.
It was a relatively quiet Tuesday for direct cash cattle trade activity.
