Chicago Mercantile Exchange live cattle futures were mostly lower ahead of the long holiday weekend, while feeders were pressured by the rally in corn. June live was down $.22 at $132.17 and August was $.20 lower at $132.40. August feeders were down $.35 at $166.32 and September was $.42 lower at $169.30.
Cash cattle trade was quiet on Friday with most business already wrapped up after Tuesday’s deals. Southern deals for the week came in mostly $1 lower than the prior week’s weighted averages at $137 while Northern dressed trade took place mostly at $223, $3 lower than last week’s weighted average basis in Nebraska.
