At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower ahead of the week’s direct cash business. February live cattle closed $.55 lower at $116.45 and April live cattle closed $.47 lower at $122.62. January feeder cattle closed $.02 lower at $135.62 and March feeder cattle closed $1.40 lower at $140.07.
Direct cash cattle trade activity picked up on Wednesday, but no deals were made. Bids were floated at $112 live in the South and $173 dressed in the North.
