Cattle futures up waiting for cash business to develop

Cattle futures up waiting for cash business to develop

At the Chicago Mercantile Exchange, live and feeder cattle were up, optimistic about this week’s cash business.  April live cattle closed $1.77 higher at $186.57 and June live cattle closed $1.52 higher at $183.72.  March feeder cattle closed $1.30 higher at $246.85 and April feeders closed $.72 higher at $251.92. 

Direct cash cattle trade activity was relatively quiet Thursday. Asking prices were around $182-plus live in the South and $290 dressed in the North.

    

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