Live cattle futures mixed ahead of direct cash trade

Live cattle futures mixed ahead of direct cash trade

Live cattle futures mixed ahead of direct cash trade

At the Chicago Mercantile Exchange, live cattle ended the day mixed ahead of widespread direct business.  Feeder cattle were higher, supported by the day’s lower move in corn.  October live cattle closed $.22 higher at $107.10 and December live cattle closed $.12 lower at $111.57.  September feeder cattle closed $.17 higher at $141.67 and October feeder cattle closed $1.10 higher at $143.70. 

Direct cash cattle trade activity was quiet through Tuesday.  Bids have been elusive.