At the Chicago Mercantile Exchange, live feeder cattle were lower waiting for direct cash business to develop. April lives closed $.42 lower at $164.67 and June lives closed $.20 lower at $160.22. March feeders closed $.55 lower at $186.65 and April feeder cattle closed $.70 lower at $190.90.
It was another quiet day for direct cash cattle trade business. Bids never surfaced and early asking prices were floated at $163 live in the South, while not established in the North.
