At the Chicago Mercantile Exchange, live and feeder cattle were higher watching corn, and waiting for the week’s direct cash business to develop. October live cattle closed $.80 higher at $181.30 and December lives closed $.95 higher at $185.55. September feeders closed $1.55 higher at $251.65 and October feeders closed $1.57 higher at $253.42.
Direct cash cattle trade was relatively quiet again on Thursday. Bids and asking prices did finally surface. Bids were at $175 live in the South and $290 to $292 dressed in the North.
Cattle futures higher ahead of widespread direct business
