At the Chicago Mercantile Exchange, live cattle were mixed, mostly higher, and feeder cattle closed mostly higher waiting for direct business to develop. December live cattle closed $.50 lower at $108.60 and February live cattle closed $.22 lower at $112.87. January feeder cattle closed $.07 higher at $140.10 and March feeder cattle closed $.30 higher at $140.90.
For the most part, it was another quiet day for direct cash cattle trade. There were a few scattered deals reported at $165 dressed, but it’s not near enough to establish a trend.