At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of the week’s direct business. There was additional support from stronger boxed beef during the session. Feeders were also supported by the day’s lower move in corn. April live cattle closed $.50 higher at $165.47 and June lives closed $.47 higher at $161.35. March feeders closed $.62 higher at $189.80 and April feeders closed $.85 higher at $195.07.
Another quiet day for direct cash cattle business.
