At the Chicago Mercantile Exchange, live cattle were mostly higher ahead of widespread direct cash business. Feeders were higher on the day’s lower move in corn. February live cattle closed $.87 higher at $117.45 and April live cattle closed $.12 lower at $123.82. March feeder cattle closed $1.20 higher at $138.65 and April feeder cattle closed $1.70 higher at $143.17.
Another very quiet day for direct cash cattle trade activity. Bids have been elusive.
