At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower on fund and technical selling. February live cattle closed $3.90 lower at $113.10 and April live cattle closed $1.67 lower at $120. March feeder cattle closed $1.75 lower at $138.67 and April feeder cattle closed $2.50 lower at $142.57.
Another round of light direct cash cattle trade took place on Friday. Live deals in the South were at $114, that’s fully steady with the rest of the week’s trade and also fully steady with the previous week’s weighted averages.
