At the Chicago Mercantile Exchange, live and feeder cattle were higher watching the direct markets, stronger boxed beef prices were also supportive. February live cattle closed $1.62 higher at $155.55 and April live cattle closed $1.30 higher at $159.35. January feeder cattle closed $.45 higher at $183.92 and March feeders closed $.05 higher at $185.10.
Another round of direct cash cattle trade took place on Friday. Live deals in Texas and Kansas were reported at $155 to $156, $1 higher than the rest of the week’s business.
