At the Chicago
Mercantile Exchange, live and feeder cattle futures ended the day lower ahead
of the Cattle on Feed report. Feeder
cattle found additional pressure from the day’s modestly higher move in
corn. The supply outlook in the Cattle
on Feed report was mostly bearish for the industry. June live cattle closed $1.37 lower at $94.70
and August live cattle closed $.70 lower at $95.40. August feeder cattle closed $.42 lower at $132.55
and September feeder cattle closed $.37 lower at $133.87.
Direct cash cattle trade is quiet to end the week.