At the Chicago Mercantile Exchange, live and feeder cattle were higher, watching widespread direct business develop. April live cattle closed $1.72 higher at $167.55 and June lives closed $1.35 higher at $161. April feeders closed $1.70 higher at $199.90 and May feeders closed $1.92 higher at $204.45.
It was a fairly active day for direct cash cattle business on Thursday. Live deals in the South were at $167, $4 higher than the previous week’s business.
