Chicago Mercantile Exchange live cattle futures were lower ahead of the week’s direct business, while feeders were supported by the losses in corn. February live was $1.12 lower at $169.27 and April was down $.47 at $172.97. January feeders...
Chicago Mercantile Exchange live cattle futures were lower ahead of the week’s direct business, while feeders were supported by the losses in corn. February live was $1.12 lower at $169.27 and April was down $.47 at $172.97. January feeders were up $.92 at $224.47 and March was $.82 higher at $225.40.
Direct cash cattle markets were essentially at a standstill. There were a few bids at $270 on the dressed basis in Nebraska, but otherwise, the major feeding areas remained quiet, with no reported asking prices.
