At the Chicago Mercantile Exchange, live cattle were higher, and feeders were mixed ahead of widespread direct cash business. February live cattle closed $.37 higher at $157.95 and April lives closed $.75 higher at $161.30. March feeders closed $.34 higher at $183.60 and April feeders were unchanged at $187.92.
Direct cash cattle trade activity was quiet as packer inquiry is limited. Bids didn’t surface. Asking prices were floated at $157 live in the South, while the North remained quiet.