At the Chicago Mercantile Exchange, live cattle are higher and feeders are mixed watching corn and waiting for the week’s direct cash business to develop. April live cattle closed $.65 higher at $118.50 and June live cattle closed $.55 higher at $116.27. April feeder cattle closed $1.10 lower at $132.75 and May feeder cattle closed $.40 lower at $137.27.
Direct cash cattle trade activity on Monday was typically quiet. Showlists this week are mixed – higher in Kansas, Nebraska/Colorado, but lower in Texas.
