Chicago Mercantile Exchange live cattle futures were mostly lower and feeders were higher, getting ready for the week’s widespread direct business. Support in feeders came from the lower move in corn. April live was down $.12 at $165.97 and June was $.45 lower at $160.55. April feeders were up $.07 at $198.67 and May was $.95 higher at $204.20.
Tuesday was another relatively quiet day for direct cash cattle business. Packer inquiry was practically non existent this afternoon with just a few early asking prices noted around $167-plus in the South, but not established in the North.
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