At the Chicago Mercantile Exchange, live and feeder cattle were supported by the higher move in beef. February live cattle closed $.87 higher at $138.70 and April live cattle closed $1.47 higher at $143.10. March feeder cattle closed $.12 higher at $159.62 and April feeder cattle closed $.20 higher at $165.30.
Direct cash cattle trade activity ended the week quietly. Deals this week have been around $135 to $138 live in the South, mostly $136 to $137, steady to $1 lower than the prior week’s weighted averages.
