At the Chicago Mercantile Exchange, live and feeder cattle were higher – supported by the recent trend in boxed beef. April live cattle closed $1.95 higher at $187.55 and June lives closed $.95 higher at $182.82. March feeder cattle closed $3.92 higher at $251.02 and April feeder cattle closed $3.32 higher at $253.55.
Direct cash cattle trade was quiet Friday following back-to-back days of moderate business. For the week Northern dressed deals were marked at mostly $287 to $288, steady to $1 below the previous week’s business.
