Cattle futures mixed waiting on direct business

Cattle futures mixed waiting on direct business

At the Chicago Mercantile Exchange, live and feeder cattle were mixed ahead of widespread direct business and Friday’s On Feed numbers from the USDA. April live cattle closed $.52 lower at $188.05 and June lives closed $.40 lower at $185. April feeder cattle closed $.02 lower at $255.07 and May feeders closed $.20 lower at $258.92.

Direct cash cattle trade activity was quiet on Tuesday. Bids didn’t surface. Early asking prices were floated around $188-plus live in the South, but were not established in the North.

.