At the Chicago Mercantile Exchange, live and feeder cattle were mostly higher waiting for direct cash business to develop. February lives closed $.25 lower at $157.60 and April live closed $.25 higher at $161.55. March feeders closed $.15 higher at $183.75 and April feeders closed $.42 higher at $188.35.
It was another quiet day for direct cash cattle business. Packer inquiry was minimal and bids remain elusive. Asking prices are around $157 live in the South, but still haven’t been established in the North.