At the Chicago Mercantile Exchange, live cattle closed mixed on spread trade, finding support from the recent higher trend in wholesale values and the week’s higher cash trade. Feeder cattle closed lower, pressured by the day’s higher move in corn. August live cattle are up $.70 at $107.05 and October live cattle closed $.57 higher at $119.15. August feeder cattle closed $.30 lower at $144.95 and September feeders closed $.57 lower at $147.37.
Another round of direct cash cattle trade took place on Thursday.
