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.