Cattle futures lower to end the week

Cattle futures lower to end the week

At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were lower watching corn and any potential clean-up trade.  October live cattle closed $.85 lower at $143.27 and December live cattle closed $.72 lower at $147.05.  October feeder cattle closed $3.15 lower at $174.17 and November feeder cattle closed $3.20 lower at $174.62. 

It was a quiet Friday for direct cash cattle trade activity.  For the week, Northern dressed deals had a range of $225.60 to $230, mostly $228, $1 lower than the previous week’s weighted average basis in Nebraska. 

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