At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mostly higher waiting for direct markets to develop. June live cattle closed $.45 lower at $163.87 and August lives closed $.27 lower at $162.47. August feeder cattle closed $.42 higher at $231.47 and September feeder cattle closed $.47 higher at $234.32.
It was another quiet day for direct cash cattle business. Bids didn’t surface. Early asking prices were floated at $172 live in the South, while nothing was established out of the North.