At the Chicago Mercantile Exchange, live cattle ended the day lower on follow-through selling and feeders were pressured by the day’s lower move in corn. December live cattle closed $2.05 lower at $109.92 and February live cattle closed $2.57 lower at $112.22. November feeder cattle closed $2.60 lower at $137.47 and January feeder cattle closed $2.85 lower at $137.47.
A light direct cash cattle trade took place in the South on Friday. Live deals were at mostly $110, $3 higher than the previous week’s weighted averages. There was a little cleanup business reported in the North, fully steady with Thursday business of $172 dressed which is $7 higher than the prior week’s weighted average basis in Nebraska.
In Missouri this past week, feeder steers and heifers were steady to $5 higher with some instances of $5 to $8 higher.
