At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher watching corn and waiting for Friday’s On Feed numbers. The report looks neutral to bullish because of tighter numbers and the current strong demand. June live cattle closed $1.07 higher at $117.67 and August live cattle closed $1.05 higher at $120.92. May feeder cattle closed $1.47 higher at $137.22 and August feeder cattle closed $2.62 higher at $153.70.
Direct cash cattle trade ended the week on a quiet note following a few days of scattered light to moderate business during the week.
