At the Chicago Mercantile Exchange, live and feeder cattle closed higher ahead of this week’s direct cash business and position squaring ahead of Friday’s Cattle on Feed numbers. October live cattle closed $.67 higher at $107.15 and December live cattle closed $1.02 higher at $111.20. September feeder cattle closed $.30 higher at $142 and October feeder cattle closed $.90 higher at $141.52.
Another quiet day for direct cash cattle trade activity. Bids were scarce.
