Live cattle futures closed higher Thursday watching cash business. Feeders were mixed on strengthening corn prices. December lives closed $1.65 higher at $137.65 and February lives are 97 cents higher at $139.57. January feeder cattle closed five cents lower $165.77 while March feeders gained 42 cents at $168.32.
A light direct cash cattle trade developed on Thursday. Northern dressed deals came in at mostly $220, $3 higher than last week’s weighted average basis in Nebraska.
