At the Chicago Mercantile Exchange, live and feeder cattle were higher, optimistic about this week’s direct cash business. April live cattle closed $.87 higher at $165.82 and June live cattle closed $.75 higher at $159.60. April feeders closed $.97 higher at $198.20 and May feeders closed $1.72 higher at $202.52.
It was another slow day for direct cash cattle trade business. Asking prices were firm at $165 to $167 live in the South, while the North remained quiet.