Chicago Mercantile Exchange live and feeder cattle were up solidly, supported by the higher midday boxed beef and lower corn, with traders getting ready for widespread direct business. August live was up $1.55 at $141.30 and October was $1.87 higher at $145.67. August feeders were $1.60 higher at $181.52 and September was up $2.47 at $185.47.
Direct cash cattle markets were quiet. Packer inquiry was light, with a few scattered bids by regional buyers at $236 on the dressed basis in Iowa and Nebraska.
Hog futures drop as cash shoots higher
