At the Chicago Mercantile Exchange, cattle futures closed lower ahead of widespread direct cash business. The sluggish cash cattle trade this week has futures contracts drifting lower. December live cattle closed $.35 lower at $117.95 and February live cattle closed $.57 lower at $121.80. January feeder cattle closed $1.27 lower at $144.20 and March feeder cattle closed $1.10 lower at $141.95.
Direct cash cattle trade has been quiet. Bids are still sitting at $112 to $114 live and $183 dressed.