At the Chicago Mercantile Exchange, live and feeder cattle ended the day mostly lower on profit-taking despite much high cash and wholesale business. June live cattle closed $0.35lower at $164.50 and August live cattle closed $.72 lower at $163.25. May feeder cattle closed $.77 lower at $207.80 and August feeder cattle closed $.77 lower at $224.97.
Direct cash cattle trade activity picked up where it left off on Wednesday. Dressed deals in Nebraska were at $290, $11 higher than the prior week’s weighted average basis in Nebraska.
