At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher ahead of Friday’s On Feed numbers. Sharply higher boxed beef prices were also supportive. February live cattle closed $.75 higher and April live cattle closed $1.07 higher at $119.95. January feeder cattle closed $.57 higher at $135.87 and March feeder cattle closed $1.62 higher at $139.15.
A light to moderate direct cash cattle trade took place on Thursday. Deals in Eastern Nebraska were at $173 dressed, which are all marked for delayed delivery, the week of February 1.