At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mixed watching corn and waiting for direct business to develop. December live cattle closed $1.05 lower at $135.87 and February live cattle closed $1.40 lower at $137.90. January feeder cattle closed $.87 lower at $164.85 and March feeder cattle closed $.05 lower at $166.50.
It was a quiet Tuesday for direct cash cattle trade activity. Bids did surface in the South at $138 live.