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Cattle futures supported by drop in corn

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At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher with feeders leading the way on the drop in corn.  August live cattle closed $2.67 higher at $177.17 and October lives closed $1.87 higher at $179.55.  August feeders closed $5.20 higher at $247.57 and September feeders closed $5.02 higher at $250.82.

There was another light round of direct cash cattle business on Friday.  Deals in Nebraska were at $182 to $183 live and $288 to $290 dressed. 

Cattle futures supported by drop in corn