At the Chicago Mercantile Exchange, live cattle were mostly higher and feeder on technical activity, also keeping an eye on corn. August live cattle closed $.27 lower at $133.85 and August feeder cattle closed $.92 higher at $173.87.
It was a quiet Friday for direct cash cattle trade activity. For the week, deals in the South were at mostly $135, $2 lower than the prior week’s weighted averages. Northern dressed deals were at mostly $222, also about $2 lower than the previous week’s weighted average basis in Nebraska.
