At the Chicago Mercantile Exchange, live and feeder cattle were up waiting for direct business to develop. The trade continues to monitor the impact of the winter weather systems this week. February live cattle closed $1.05 higher at $171.80 and April lives closed $.90 higher at $174.57. March feeders closed $1.27 higher at $227.40 and April feeders closed $1.27 higher at $232.72.
Another light round of direct cash cattle trade developed Thursday. Deals were marked at mostly $273 with a few at $275 dressed in the North, that’s steady to $2 below the previous week’s business.
