Chicago Mercantile Exchange live cattle futures were down on the lower midday boxed beef, while feeder cattle were supported by the drop in corn. June live cattle were down $.30 at $115.30 and August was $.57 lower at $118.82. May feeder cattle were up $.10 at $137.55 and August was $.65 higher at $151.15.
Direct cash cattle trade was very quiet on Friday with most of the week’s business already wrapped up. Asking prices for cattle left on showlists are around $120 plus in the South, and $190 to $192 in the North which could be where business picks back up next week.
