At the Chicago Mercantile Exchange, live and feeder cattle were mostly higher ahead of Friday’s Cattle on Feed report. The report confirmed fewer slaughter-ready cattle in 2023 and are friendly to prices.
There was a follow-up round of direct cash cattle trade that took place on Friday. For the week, live deals in the South were at $155 to $156, steady to $1 higher than the prior week’s business. Dressed business in the North was at mostly $249, $1 higher than the previous week’s weighted average basis in Nebraska.
