At the Chicago Mercantile Exchange, live and feeder cattle were up, supported by cash and wholesale business. June live cattle closed $2.02 higher at $181.05 and August lives closed $1.67 higher at $179.05. August feeders closed $2.50 higher at $259.85 and September feeders closed $2.45 higher at $260.85.
Direct cash cattle trade activity held out until Friday, and it was worth the wait for sellers. Dressed deals in the North were marked at $300, that’s $5 higher than the previous week’s weighted average basis in Nebraska.
