At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were mostly higher getting ready for the USDA’s On Feed numbers. April live cattle closed $.05 higher at $165.37 and June lives closed $.20 lower at $161.07. March feeders closed $.15 lower at $189.07 and April feeders closed $.10 lower at $193.57.
There was another round of direct cash cattle trade activity on Friday. Dressed deals in Nebraska were at $262, $5 higher than the previous week’s weighted averages.