At the Chicago

Mercantile Exchange, live cattle ended the day mostly higher on oversold

signals and technical buying.  Feeder

cattle were higher on the same factors. 

August live cattle up $.10 at $99.25 and October live cattle up $.42 at

$103.95.  August feeder cattle closed

$.47 higher at $134.52 and September feeder cattle closed $.50 higher at

$136.17. 

There was a very, very light direct cash cattle trade that took place in the North on Thursday.  Dressed deals in Nebraska were at $157.  The rest of cattle country has been at a standstill.  There are a few scattered bids at $95 live and asking prices are hard to find.  While more trade is still expected this week in the North, it’s likely the bulk of the week’s business has wrapped up in the South.

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