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Live cattle were mostly higher on lower corn

At the Chicago Mercantile Exchange, live cattle were mostly higher and feeders were higher watching corn and the direct markets develop.  June live cattle closed $.05 lower at $132.72 and August live cattle closed $.22 lower at $132.75.  August

There was a light to moderate direct cash cattle trade that took place on Tuesday.  Live deals in the South were at $137, about $1 lower than last week’s weighted averages.  Bids were at $138 live and $225 dressed in Nebraska.