At the Chicago Mercantile Exchange, live cattle closed higher watching direct cash business develop while feeder cattle were pressured by the day’s higher move in corn. June live cattle closed $.82 higher at $136.25 and August live cattle closed $.95 higher at $138.27. May feeder cattle closed $.57 lower at $160.72 and August feeder cattle closed $1.35 lower at $173.15.
There was another round of direct cash cattle trade that took place on Tuesday.
