At the Chicago Mercantile Exchange, live cattle were mostly lower and feeders were lower ahead of Friday’s On Feed numbers, which will likely be considered bearish in the near-term. June lives closed $.07 higher at $131.57 and August lives closed $.47 lower at $131.55. August feeder cattle closed $1.27 lower at $163.92 and September feeder cattle closed $.90 lower at $167.
It was a quiet Friday for direct cash cattle trade activity. For the week, Southern live deals ranged from $136 to $138, mostly $138, $2 lower than the previous week’s weighted averages.
