Cattle futures waiting for direction from direct cash trade

Cattle futures waiting for direction from direct cash trade

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. 

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