At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of widespread direct business. February live cattle closed $.10 lower at $115.62 and April live cattle closed $1.85 lower at $121.20. March feeder cattle closed $.75 lower at $138.57 and April live cattle closed $.67 higher at $142.60.
Another relatively quiet day for direct cash cattle trade activity. There were a handful of dressed deals reported in parts of the North at $181, but that’s not near enough to establish a trend.