Feeder cattle supported by lower corn

Feeder cattle supported by lower corn

At the Chicago Mercantile Exchange, live cattle were mixed waiting for the week’s direct business to develop.  Feeders were higher on the lower move in corn.  February live cattle closed $.05 lower at $155.82 and April lives were unchanged at $159.57.  January feeder cattle closed $1.32 higher at $183.77 and March feeders closed $1.10 higher at $186.37.

It was a quiet start to the week for direct cash cattle trade business.  Showlists are mixed, higher in Nebraska/Colorado, but lower in Texas and Kansas. 

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