At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of the week’s direct cash business. April live cattle closed $0.65 higher at $188.25 and June live cattle closed $.92 higher at $183.95. April feeder cattle closed $1.02 higher at $254.12 and May feeder cattle closed $1.32 higher at $256.70.
Direct cash cattle trade activity was quiet again Tuesday. Bids and asking prices didn’t surface. It’s likely significant trade volume will likely be delayed until Wednesday or later.
