At the Chicago Mercantile Exchange, live and feeder cattle ended the day mixed, mostly higher waiting for direct business to develop. Live cattle closed $1.05 lower at $116.15 and April life cattle closed $.62 higher at $125.80. March feeder cattle closed $.07 lower at $140.77 and April feeder cattle closed $.12 lower at $144.60.
Direct cash cattle trade activity was quiet on Tuesday. Bids have been slow to surface and asking prices are around $116 plus live in the South, with nothing surfacing out of the North.
