At the Chicago Mercantile Exchange, live cattle were higher, and feeders were lower watching corn and unwinding the week’s direct cash business. April live cattle closed $.85 higher at $163 and June lives closed $.80 higher at $156.60. April feeders closed $.20 lower at $194.80 and May feeder cattle closed $1.05 lower at $197.55.
It was a quiet Friday for direct cash cattle business. For the week, Northern dressed deals were at mostly $264 to $265, steady to $1 higher than the prior week’s weighted average basis in Nebraska.
