Chicago Mercantile Exchange live and feeder cattle were higher, with traders optimistic ahead of the week’s widespread direct business. February live was up $1.05 at $158.85 and April was $.67 higher at $162.45. January feeders were $.32 higher at $183.80 and March was up $.57 at $186.77.
Direct cash cattle business was light to moderate at mostly $157 to $158 on the live basis, up $1 to $2 on the week, with dressed trade at $248 to $250, steady to $2 higher.
