At the Chicago Mercantile Exchange, live cattle were higher on the recent trend in beef, while feeder cattle closed lower, pressured by rising corn prices. June live cattle closed $.52 higher at $116.57 and August live cattle closed $1.22 higher at $118.62. May feeder cattle closed $2.25 lower at $133.60 and August feeder cattle closed $3.12 lower at $146.75.
A fairly quiet end to the week for direct cash cattle trade activity. There was just a little cleanup trade reported in Nebraska at $191 dressed, which is fully steady with the week’s previous business.
