Feeder cattle pressured by higher corn

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were lower watching corn and direct business develop.  April live cattle closed $.90 lower at $140.52 and June live cattle closed $.65 lower at $137.05.  April feeder cattle closed $2.20 lower at $159.80 and May feeder cattle closed $2.55 lower at $165.25. 

Direct cash cattle trade activity was relatively quiet on Tuesday with just a handful of deals reported.  While not enough to establish a trend, business in the North was reported at $224 to $229 dressed. 

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