At the Chicago Mercantile Exchange, live and feeder cattle were up, supported by strong boxed beef and watching direct business develop.
A light round of direct cash cattle business developed Thursday. Live deals were at $182 in Kansas and Texas, $2 below the previous week’s business. Asking prices are around $186 live in the South and $295 to $297 dressed in the North. There’s only been some scattered business throughout the week. Look for packer inquiry and business to pick up before the end of the day Friday.
