At the Chicago Mercantile Exchange, live cattle were higher and feeders were mixed watching direct cash business unfold. There was also some strength from higher-boxed beef. April live cattle closed $.80 higher at $163.57 and June lives closed $.40 higher at $160.12. March feeders closed $.30 higher at $186.52 and April feeders closed $.15 lower at $190.45.
A more significant round of direct cash cattle trade took place on Friday. Live deals in the South were at $162, $2 higher than the previous week’s weighted averages.
