Cattle futures lower waiting for cash trade


Cattle futures lower waiting for cash trade

At the Chicago Mercantile Exchange, live cattle closed mostly lower, and feeders were lower ahead of the week’s direct cash business.  February live cattle were unchanged at $157.75 and April lives closed $.32 lower at $161.32.  March feeder cattle closed $.95 lower at $185.55 and April feeder cattle closed $.95 lower at $189.57.

Wednesday was another slow day for direct cash cattle business.  While packer inquiry did improve, significant trade volume will likely be delayed until sometime Thursday or Friday. 

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