At the Chicago Mercantile Exchange, live and feeder cattle closed higher ahead of the week’s direct cash business. Feeders found additional support in the day’s lower move in corn. February live cattle closed $.85 higher at $157.47 and April live cattle closed $.62 higher at $160.55. March feeder cattle closed $2.30 higher at $183.27 and April feeders closed $2.15 higher at $187.92.
Direct cash cattle trade started the week quietly. Showlists are lower across all major feeding areas. Bids and asking prices didn’t surface on Monday.
