At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher ahead of direct cash business and the USDA reports that are being released Thursday and Friday. February live closed $2.12 higher at $157.70 and April live closed $1.52 higher at $161.17. January feeders closed $.20 higher at $183.82 and March feeders closed $.70 higher at $185.72.
Another relatively quiet day for direct cash cattle business. Packer inquiry did improve with a few bids that were floated at $153 live in the South, but that was it as the rest of cattle country was quiet.
