At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower on profit-taking. Feeders had additional pressure from the day’s mostly higher move in corn. April live cattle closed $.72 higher at $123.42 and June live cattle closed $2.45 higher at $122.57. April feeder cattle closed $2.37 higher at $144.75 and May feeder cattle closed $1.97 higher at $149.62.
A quiet end to the week for direct cash cattle trade. It was an active week of business with Southern live deals ranging from $118 to $122, mostly $121, $4 higher than the previous week’s weighted averages.
