At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of the week’s direct business. December live cattle closed $.12 higher at $136 and February live cattle closed $.70 higher at $138.60. January feeder cattle closed $.97 higher at $165.82 and March feeder cattle closed $1.40 higher at $167.90.
It was a quiet Wednesday for direct cash cattle trade activity. The stand-off continues as bids are $138 live with asking prices firm at $143 plus live.
