At the Chicago Mercantile Exchange, live and feeder cattle were lower, with boxed beef lower at midday, ahead of the week’s direct business. February live cattle closed $.42 lower at $139.22 and April live cattle closed $.42 lower at $142.45. January feeder cattle closed $.22 lower at $165.02 and March feeder cattle closed $.47 lower at $167.47.
It was another relatively quiet day for direct cash cattle trade activity. Bids didn’t surface. Asking prices have been noted anywhere from $140 to $142 live in the North and $145 live in the South.
