At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of Friday’s On Feed numbers from the USDA and waiting for cash business to develop. October live cattle closed $1.80 lower at $184.97 and December live cattle closed $2.02 lower at $189.50. October feeder cattle closed $2.80 lower at $257.77 and November feeders closed $2.87 lower at $262.70.
There was a solid round direct cash cattle business that developed on Thursday. Live deals in the South were at $183 and dressed business in the North was at $292, both are generally steady with the previous week’s weighted averages. There will likely be just some cleanup trade that takes place on Friday.
