At the Chicago Mercantile Exchange, live cattle were mixed and feeders were lower watching direct cash business develop. Feeders had additional pressure from the higher move in corn. Markets are also looking ahead to Friday’s On Feed numbers December live cattle closed $.32 higher at $151.67 and February lives closed $.60 higher at $154.85. November feeders closed $.52 lower at $177.55 and January feeders closed $.82 lower at $179.25.
It was an active Thursday for direct cash cattle business, with trade taking place across all feeding areas.