Friday 10th May 2024

At the Chicago Mercantile Exchange, live cattle closed mixed and feeders were mostly lower ahead of the release of the Cattle on Feed numbers.  October live cattle closed $.02 higher at $103.35 and December live cattle closed $.10 higher at $103.57.  October $.30 lower at $133.52 and November feeder cattle closed $.77 lower at $129.65. 

It was a quiet end to the week, with just a little cleanup trade in Nebraska at $163.  Trade for the week came in incrementally, with light to moderate business every day.  Southern live deals ranged from $105 to $106, $2 to $3 lower than last week’s weighted averages.  Northern dressed business was mostly at $165 to $166, which is $2.50 to $3.50 below last week’s weighted average basis in Nebraska. 

In Missouri, compared to the previous week steers sold $5 to $10 lower and heifers sold $3 to $7 lower. 

    

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