At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, with feeders in the lead on the lower corn. August live cattle closed $2.52 higher at $132.90 and August feeder cattle closed $4.60 higher at $169.72.
There was another round of light to moderate direct cash cattle trade on Tuesday. Deals in Kansas were at mostly $135 live, with a few at $136. That’s $2 lower than last week’s weighted averages, but steady with the week’s decline.