At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of widespread direct business with support from higher boxed beef prices. October live cattle closed $.95 higher at $108.90 and December live cattle closed $1.47 higher at $113.12. October feeder cattle closed $2 higher at $142.92 and November feeder cattle closed $2.67 higher at $143.77.
A quiet Tuesday for direct cash cattle trade activity. Bids have yet to surface. So far, we’ve only seen asking prices at $108 live in the South, while the North remains quiet.
