Cattle futures higher waiting for direct cash business

Cattle futures higher waiting for direct cash business

At the Chicago Mercantile Exchange, live and feeder cattle were higher watching the direct markets.  October live cattle closed $2.34 higher at $185.47 and December lives closed $2.50 higher at $190.35.  October feeders closed $2.82 higher at $261.87 and November feeders closed $3.27 higher at $264.85. 

Direct cash cattle trade business has been sporadic throughout the week.  The very limited deals reported have been in the North at $180 to $185 live and $286 to $290 dressed – not near enough to establish and accurate price trend.

    

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