At the Chicago Mercantile Exchange, live and feeder cattle were higher, optimistic about the week’s direct cattle business. December live cattle closed $1.02 higher at $183.25 and February lives closed $1.02 higher at $183.97. November feeder cattle closed $.77 higher at $237.67 and January feeder cattle closed $1.17 higher at $236.87.
Direct cash cattle trade started the week in its typical quiet manner. Bids and asking prices didn’t surface. Showlists this week are mixed – higher in Nebraska/Colorado, somewhat higher in Kansas, but lower in Texas.
