Cattle futures were mixed on little news to trade on. Live cattle were trading lower with some profit-taking and traders tidying up positions to close the year. Feeder cattle gained some support on muddling corn futures.
It was a quiet week for direct cash cattle trade between Christmas and the new year. Light direct cash cattle trade was reported in the South Thursday at $138.00, $3.00 higher than last week’s weighted average. Northern business essentially ended earlier in the week at mostly $220.00 to $222.00, $3.00 to $5.00 higher.
