At the Chicago Mercantile Exchange, live cattle closed higher and feeder cattle were mostly higher on end of the week technical buying. April live cattle closed $.47 higher at $119.02 and June live cattle closed $1.02 higher at $118. March feeder cattle closed $.50 lower at $134.60 and April feeder cattle closed $.05 higher at $139.02.
A quiet end to the week for direct cash cattle trade activity. There was a bit of a standoff this week as packers haven’t been overly aggressive in their procurement efforts and sellers haven’t been willing to take lower prices.
