At the Chicago Mercantile Exchange, live and feeder cattle were pressured by the recent trend in beef. February live cattle closed $2.20 lower at $153.62 and April live cattle closed $1.95 lower at $157.62. January feeders closed $1.97 at $181.80 and March feeders closed $2.22 lower at $184.15.
It was a quiet Tuesday for direct cash cattle trade business. Packer inquiry was limited and no bids surfaced. Asking prices were at $157-plus live in the South, while the North remained quiet.
