At the Chicago Mercantile Exchange, live cattle were mostly lower and feeder cattle were lower ahead of Friday’s On Feed numbers, which were bearish for markets. February live cattle closed $.40 lower at $137.92 and April lives were $1.07 lower at $142.10. March feeder cattle closed $1.65 lower at $163.30 and April feeders closed $1.40 lower at $168.12.
It was a quiet end to the week for direct cash cattle trade. Deals this week have been $218 dressed in the North, fully steady with the prior week’s weighted average basis in Nebraska.
