Cattle futures waiting for widespread direct trade

Cattle futures waiting for widespread direct trade

Chicago Mercantile Exchange live cattle futures were mixed and feeders were modestly higher, getting ready for the week’s direct business. February live was down $.07 at $157.80 and April was $.05 lower at $161.77. January feeders were up $.37 at $183.47 and March was $.80 higher at $186.20.

Direct cash cattle markets generally remained at a standstill. There was light trade at $157 to $158 live and $248 dressed, but not enough to establish a trend.