At the Chicago Mercantile Exchange, cattle futures closed higher despite mixed fundamentals on a reversal from yesterday. Prices have dropped enough to generate increased buyer interest. August live cattle closed $1.00 higher at $103.72 and October contracts closed $.87 higher at $107.02. August feeder cattle closed $1.05 higher at $146.82 and September contracts closed $.90 higher at $147.37.
The majority of direct cash cattle trade could be wrapped up for the week. Cattle country has been quiet with just a few scattered bids reported.