At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower ahead of the week’s direct business. There was also some pressure from weaker boxed beef. February lives closed $.85 lower at $168.77 and April live cattle closed $.82 live at $172.67. January feeder cattle closed $1.27 at $221.90 and March feeder cattle closed $.95 lower at $223.20.
Direct cash cattle trade activity was quiet again on Tuesday. Bids and asking prices didn’t surface.