At the Chicago Mercantile Exchange, live cattle closed higher and feeder cattle were mostly higher ahead of widespread direct cash business. There was additional support from higher wholesale values. August live cattle closed $.20 higher at $103.02 and October live cattle closed $.40 higher at $108.27. August feeder cattle closed $.20 higher at $144.87 and September feeder cattle closed $.85 higher at $147.07.
A quiet Monday for direct cash cattle trade. Bids and asking prices have yet to surface.
