At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of widespread direct business. February live cattle closed $.95 higher at $136.92 and April live cattle closed $1.17 higher at $141.35. January feeder cattle closed $1.62 higher at $160.85 and March feeder cattle closed $1.32 higher at $161.82.
There was a light direct cash cattle trade on Tuesday. A handful of live deals were reported at $135 in Texas, that’s about $2 to $3 lower than last week’s weighted averages.
