At the Chicago Mercantile Exchange, live cattle were mostly higher, and feeders were up ahead of the week’s direct cash business. Boxed beef was also higher. February live cattle closed $.02 lower at $170.75 and April lives closed $.07 higher at $173.67. March feeder cattle closed $1.25 higher at $226.12 and April feeders closed $1.10 higher at $231.45.
Direct cash cattle trade activity remained relatively quiet Wednesday. Bids didn’t surface. Asking prices were around $174-plus live in the South, while the North was quiet.
