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Cattle futures higher on sharply lower corn

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher waiting for direct cash business to develop.  Feeders were sharply higher on the sharply lower move in corn.  August lives closed $.52 higher at $136.67 and October lives closed $.85 higher at $141.27.  August feeders closed $4.70 higher at $179.57 and September feeders closed $4.12 higher at $181.52. 

Another relatively quiet day for direct cash cattle business.  There were a handful of dressed deals reported in Iowa at $230, but not near enough to establish a trend. 

Cattle futures higher on sharply lower corn

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