Chicago Mercantile Exchange live cattle futures were mostly lower on the recent trend in boxed beef, while feeders were supported by the lower move in corn. August live was $1.57 lower at $122 and October was down $1.17 at $128.07. August feeder cattle were $.72 higher at $157.05 and September was up $.35 at $159.42.
Direct cash cattle trade was quiet Friday as the week’s business had mostly wrapped up. Live deals in the South came in at $120 to $122, steady to $2 lower than last week’s weighted averages.
