At the Chicago
Mercantile Exchange, cattle futures ended the day firm on optimism ahead of
widespread direct cash business. Firm
wholesale values also provided some support.
Feeder cattle were mixed finding some support in the day’s lower move in
corn. February live cattle closed $.07
higher at $124.87 and April live cattle closed $.12 higher at $125.92. January feeder cattle closed $.07 lower at
$146.75 and March feeder cattle closed $.17 higher at $145.07.
It’s been a quiet week for direct cash cattle trade.