At the Chicago Mercantile Exchange, live and feeder cattle were higher, supported by follow through technical buying, despite the week’s bearish cash and wholesale business. December live was up $.82 at $108.75 and February was $1.40 higher at $113.25. January was feeders were $2.12 higher at $139.72 and March was up $1.30 at $140.55.
A quiet day for cash cattle trade on Friday. Live deals surfaced at $108 in Kansas and Texas, $2 to $2.50 lower than last week’s weighted averages.
