Friday 29th March 2024

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At the Chicago

Mercantile Exchange, live cattle ended the day mixed, mostly higher on spread

adjustments.  Feeder cattle closed

higher, supported by the day’s lower move in corn.  June live cattle closed $.87 higher at $94.17

and August live cattle closed $.27 lower at $96.07.  August feeder cattle closed $.37 higher at

$133.25 and September feeder cattle closed $.32 higher at $134.50. 

Another light round of direct cash cattle trade took place on Thursday.  Live deals in the South were reported at $95 to $97, that’s steady to $2 lower than Wednesday’s business and up to $6 lower than last week’s weighted averages.  Northern dressed business had a range of $152 to $155, steady to $1 lower than Wednesday’s business.  This follows the light to moderate trade that took place on Wednesday. 

At the Mitchell Livestock Auction in

South Dakota, compared to last week’s much lighter offering feeder steers and

heifers are steady to firm.  The USDA

says demand is good to very good for the large offering of backgrounded

yearling steers and heifers.  There were

many long strings of light to moderate fleshed yearlings offered in full loads

and multiple load lots.  Receipts were up

on the year.  Feeder supply included 40

percent steers and 95 percent of the offering was over 600 pounds.