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Cattle futures up on broader market strength

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Chicago Mercantile Exchange live and feeder cattle futures were higher, supported by technical buying and strength in the broader market, getting ready for widespread direct business and the upcoming USDA Cattle on Feed report. December live was up $.92 at $175.85 and February was $1.62 higher at $176.87. January feeders were $.70 higher at $229 and March was up $1.30 at $231.37.

Direct cash cattle markets remained at a standstill. Asking prices were $180 to $183 on the live basis.

Cattle futures up on broader market strength

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