Cattle futures sharply higher due to lower moves in corn

 At the Chicago Mercantile Exchange, live and feeder cattle futures were sharply higher with feeders in the lead on the lower move in corn. That helped contracts shrug off the recent trend in beef and the week-to-date’s lower direct cash business. August live was up $1.40 at $171.15 and October was $1.72 higher at $174.67. August feeders were $2.95 higher at $230.67 and September was up $3.10 at $234.52. 

There was a round of light of mostly live business reported in the North on Thursday.  Deals were marked at $180 to $186, some dressed trade was reported, but it was very light and not enough to establish a trend.

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