At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher ahead of Friday’s On Feed numbers, which were at the high end of the pre-report estimates. February live cattle closed $.80 higher at $115.92 and April live cattle closed $.75 higher at $123.67. March feeder cattle close d$.92 higher at $139.12.
A light direct cash cattle trade developed Friday afternoon. Deals were mostly in the North with dressed business marked at mostly $180, fully steady with the prior week’s weighted average basis in Nebraska.
