At the Chicago Mercantile Exchange, live cattle were mostly higher and feeders were higher watching direct cash business develop. August live cattle closed $.20 higher at $136.87 and October lives were unchanged at $141.27. August feeder cattle closed $1.22 higher at $180.80 and September feeders closed $1.55 higher at $183.07.
An active day for direct cash cattle business. Live deals in the South were at $137, steady with last week’s weighted averages. In the North, deals in Nebraska were at $144 live and $230 dressed, about $2 below last week’s weighted average basis in Nebraska.
