Cattle futures shrug off cash, wholesale trade

At the Chicago Mercantile Exchange, live and feeder cattle futures were higher with feeders in the lead on the lower move in corn, getting ready for Friday’s USDA Cattle on Feed report. That strength in feeders helped both pits shrug off any bearish influence from the mixed midday beef or the week-to-date’s steady to lower direct business. June live was up $.75 at $164.35 and August was $.67 higher at $163.42. May feeders were $1.87 higher at $212.35 and August was up $2.75 at $229.52.

…