At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were higher ahead of the week’s direct cash business and Friday’s On Feed numbers. February live cattle closed $.47 lower at $155.57 and April live cattle closed $.27 lower at $159.65. January feeder cattle closed $1.52 higher at $183.62 and March feeder cattle closed $1.22 higher at $185.02.
It was a quiet Tuesday for direct cash cattle trade activity. Packer inquiry was limited, and bids did not surface.
