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Cattle futures higher, watching direct trade develop

Chicago Mercantile Exchange live and feeder cattle were higher, watching direct cash cattle business develop. December live was up $.52 at $151.80 and February was $1.20 higher at $154.25. January feeders were up $.45 at $177.47 and March was $.45 higher at $180.25.

Direct cash cattle business was underway by late Wednesday afternoon. Trade was reported at $150 live in Kansas and Texas, steady with last week, with live sales in Nebraska at $153.

Cattle futures higher, watching direct trade develop

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