Chicago Mercantile Exchange live and feeder cattle futures were lower, with feeders leading the way down on the higher move in corn. August live was down $.87 at $136.87 and October was $.97 lower at $142.37. August feeders were $1.87 lower at $177.42 and September was down $2.25 at $180.42.
A light direct cash cattle trade developed Tuesday in parts of Texas at $135, $1 lower than last week’s weighted average. The bulk of the week’s business will likely come Wednesday or later.
Livestock futures lower on higher grains
