At the Chicago Mercantile Exchange, live cattle closed lower and feeder cattle ended the day higher ahead of the week’s direct business. February live cattle closed $.20 lower at $115.72 and April live cattle closed $.62 lower at $123.05. March feeder cattle closed $.20 higher at $139.32 and April feeder cattle closed $.60 higher at $143.27.
Direct cash cattle trade activity had a quiet start to the week. Bids and asking prices were scarce and it’s likely significant trade volume will be delayed until the latter half of the week.
