At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct cash business. April live cattle closed $.87 lower at $163.60 and June lives closed $.90 lower at $159.80. March feeder cattle closed $.50 lower at $187.20 and April feeders closed $.40 lower at $191.35.
It was a quiet Tuesday for direct cash cattle business. While asking prices did surface at $161 to $162 live in the South, the North was quiet.