At the Chicago Mercantile Exchange, live and feeder cattle closed lower ahead of wide-spread direct business. Feeder cattle had additional pressure from the day’s modestly higher move in corn. February live cattle closed $.85 lower at $115.30 and April live cattle closed $1.65 lower at $124.15. March feeder cattle closed $2.35 lower at $138.42 and April feeder cattle closed $1.85 lower at $142.75.
Another quiet day for direct cash cattle trade activity with limited packer inquiry.
