At the Chicago Mercantile Exchange, live and feeder cattle were mostly higher, waiting for the week’s direct business to develop. February live cattle closed $.82 higher at $170.77 and April lives closed $.57 higher at $173.60. March feeder cattle closed $.20 lower at $224.87 and April feeder cattle closed $.25 higher at $230.35.
It was another quiet day for direct cash cattle trade activity. Bids and asking prices didn’t surface. Weather was definitely a factor in Tuesday’s business.
