At the Chicago
Mercantile Exchange, live cattle ended the day higher, contracts were extremely
oversold and due for a bounce, higher wholesale values and the bounce in the broader
markets also helped to boost prices. Feeder
cattle were higher on the same factors as the live pit. April live cattle closed $2.57 higher at
$110.15 and June live cattle closed $2.77 higher at $103.97. March feeder cattle closed $2.45 higher at
$133.72 and April feeder cattle closed $2.35 higher at $135.05.
Direct cash cattle trade activity is quiet with bids and asking prices not established.
