Chicago Mercantile Exchange live and feeder cattle were sharply higher following Wednesday’s strength in direct cash business. Feeders had additional support from the lower move in corn. June live was up $2.80 at $163.10 and August was $2.32 higher at $162.30. May feeders were $3.30 higher at $205.40 and August was up $3.37 at $222.60.
There was some light direct cash cattle business in Kansas and Nebraska on Thursday. Asking prices for cattle left on showlists were around $172 plus in the South, and $278 plus in the North.