At the CME, live cattle closed higher and feeders were mostly higher supported by strong cash trade ahead of Friday’s on feed numbers. December live cattle closed $.92 higher at $133.15 and February live cattle closed $.85 higher at $137.25. November feeder cattle closed $.15 lower at $155.92 and January feeder cattle closed $2.45 higher at $161.37.
It was an active day for direct cash cattle trade on Thursday. Live deals ranged from $133 to $134 live, $1 to $2 higher than last week’s weighted averages. Northern dressed business was been at mostly $210, $2 to $3 higher than last week’s weighted average basis in Nebraska. Asking prices for cattle left on show lists are firm at $134 plus live in the South and $211 in the North.
