At the Chicago Mercantile Exchange, live and feeder cattle were higher, supported by the sharply higher boxed beef prices during the session. Markets are also preparing for Friday’s USDA and On Feed numbers. December live cattle closed $.90 higher at $111.32 and February live cattle closed $1.55 higher at $113.57. November feeder cattle closed $.10 higher at $137.37 and January feeder cattle closed $1.80 higher at $139.72.
A very light direct cash cattle trade has been reported.
