At the Chicago Mercantile Exchange, live and feeder cattle closed higher ahead of significant direct cattle trade and the higher boxed beef prices at midday. December live cattle closed $.32 higher at $108.30 and February live cattle closed $.02 higher at $110.40. November feeder cattle closed $1.67 higher at $137.40 and January feeder cattle closed $2.77 higher at $134.12.
At the end of the day Friday, there was no significant direct cattle trade that had taken place. There was a light trade that developed on Friday at $105 to $106 live in Kansas. Another very light trade in the North with dressed deals at $162 to $163. There was also a very light trade that took place in parts of the North at $103 to $104 live, steady to $1 lower than last week’s weighted average basis in Nebraska. Dressed business this week ranged from $158 to $163.
In Missouri, last week steer and heifer calves were mostly steady to $3 lower and yearlings traded steady to firm on comparable sales.
