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Cattle futures supported by the lower move in corn

At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher ahead of the week’s direct cash business.  Feeders were in the lead on the lower move in corn.  August live cattle closed $.10 higher at $135.72 and October lives closed $.50 higher at $141.10.  August feeder cattle closed $2.07 higher at $178.75 and September feeders closed $2.37 higher at $181.80. 

A light direct cash cattle trade took place on Tuesday. 

Cattle futures supported by the lower move in corn

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