At the Chicago Mercantile Exchange, live and feeder cattle ended the day mostly lower ahead of widespread direct cash business. December live cattle were unchanged at $153.05 and February live cattle closed $.25 lower at $154.77. January feeder cattle closed $.02 lower at $179.90 and March feeder cattle closed $.10 lower at $182.15.
It was a relatively quiet day for direct cash cattle business. Bids didn’t surface and asking prices were at $152 live in the South, while the North was quiet.
Cattle futures mostly lower waiting for cash trade to develop
