At the Chicago Mercantile Exchange, live and feeder cattle are higher ahead of the week’s direct business. October live cattle closed $.87 higher at $104.85 and December live cattle closed $.65 higher at $104.05. October feeder cattle closed $.60 higher at $134.30 and November feeder cattle closed $1.72 higher at $132.30.
It was another relatively quiet day for direct cash cattle trade activity. Bids and asking prices have yet to be established. There were a handful of deals reported in Texas at $105 live, but that’s not near enough to establish a trend.
