Ad Astra Radio Family Brands

Cattle futures mostly higher waiting on cash business

SHARE NOW

At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were up ahead of the week’s direct cash business.  Boxed beef was also higher. February live cattle closed $.02 lower at $170.75 and April lives closed $.07 higher at $173.67.  March feeder cattle closed $1.25 higher at $226.12 and April feeders closed $1.10 higher at $231.45. 

Direct cash cattle trade activity remained relatively quiet Wednesday.  Bids didn’t surface.  Asking prices were around $174-plus live in the South, while the North was quiet. 

Cattle futures mostly higher waiting on cash business