At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher on oversold signals with support by the recent gains in boxed beef prices. February live cattle closed $.70 higher at $112.77 and April live cattle closed $.97 higher at $118.20. January feeder cattle closed $1.97 higher at $134.57 and March feeder cattle closed $2.45 higher at $135.82.
A slow end to the week for direct cash cattle trade, as the bulk of the week’s business took place midweek.
