At the Chicago Mercantile Exchange, live cattle were mostly lower and feeders closed higher, watching corn and the week’s direct cash business. February live cattle closed $.42 higher at $117 and April live cattle closed $.55 lower at $121.67. March feeder cattle closed $.05 higher at $140.42 and April feeder cattle closed $.32 higher at $145.07.
Another round of light direct cash cattle trade took place on Thursday. Dressed deals in the North were at mostly $182, a little more than $1 higher than last week’s weighted average basis in Nebraska.
