Chicago Mercantile Exchange live and feeder cattle futures were higher, getting ready for the week’s direct business. There was also some bullishness attached the Monday’s biannual USDA Cattle Inventory numbers, but the full impact of those tighter supplies and further contraction won’t be known for a while. February live was up $.72 at $140.30 and April was $.85 higher at $145.37. March feeders were $.67 higher at $163.70 and April was up $.70 at $169.15.
