Cattle futures mostly lower waiting for cash trade to develop

Cattle futures mostly lower waiting for cash trade to develop

At the Chicago Mercantile Exchange, live and feeder cattle ended the day most lower ahead of widespread direct cash business.  December live cattle were unchanged at $153.05 and February live cattle closed $.25 lower at $154.77.  January feeder cattle closed $.02 lower at $179.90 and March feeder cattle closed $.10 lower at $182.15. 

It was a relatively quiet day for direct cash cattle business.  Bids didn’t surface and asking prices were at $152 live in the South, while the North was quiet. 

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