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.
