Chicago Mercantile Exchange live and feeder cattle futures were higher, with most months up sharply, ahead of what was expected to be a bullish USDA cattle inventory report. February live was up $.87 at $139.57 and April was $1.42 higher at $144.52. March feeders were $3.40 higher at $163.02 and April was up $3.15 at $168.45.
It was a typically quiet start to the week for cash cattle trade on Monday, especially with buyers and sellers waiting for trading signals from USDA’s cattle inventory report that came out after the close Monday.
