Cattle futures mostly higher watching cash business develop

Cattle futures mostly higher watching cash business develop

At the Chicago Mercantile Exchange, live and feeder cattle were mixed, mostly higher watching direct business develop.  February live cattle closed $1.42 higher at $137.67 and April live cattle closed $.62 higher at $141.20.  March feeder cattle closed $1 higher at $166.35 and April feeder cattle closed $.67 higher at $170.12. 

There was a light direct cash cattle trade that took place on Tuesday.  Live deals in parts of the South were at $137, that’s $1 lower than last week’s weighted average in Texas and about steady with last week’s business in Kansas. 

    

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