Live cattle lower heading into Friday

Live cattle lower heading into Friday

At the Chicago Mercantile Exchange, live cattle were lower, and feeders were mostly higher waiting for cash business to develop.  April live cattle closed $.07 lower at $163.62 and June live cattle closed $.25 lower at $159.52.  March feeder cattle closed $.37 higher at $186.82 and April feeders were unchanged at $190.72. 

A light direct cash cattle trade developed late in the day Thursday. Deals in the North were marked at $254 dressed, $4 higher than last week’s weighted average basis in Nebraska. 

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