Cattle futures begin the week higher, lean hog futures sharply lower

At the CME, live and feeder cattle futures were higher, getting ready for the week’s direct business. There was also some positive influence from the higher midday move in beef. Feeders were able to hold onto their gains despite corn firming up late in the session. February live was $.55 higher at $160.82 and April was up $.35 at $164.47. March feeders were $1.60 higher at $187.70 and April was up $1.12 at $191.75.

Direct cash cattle ended Monday quiet.

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