At the Chicago Mercantile Exchange, live and feeder cattle were higher, watching direct business develop. Feeders had additional support on the mostly lower move in corn. October live cattle closed $2.05 higher at $180.72 and December lives closed $1.60 higher at $184.52. September feeder cattle closed $2.17 higher at $250.75 and October feeders closed $2.37 higher at $253.25.
There was a light direct cash cattle trade that developed on Thursday. Dressed deals in parts of Nebraska were at mostly $292, $3 lower than the previous week’s weighted averages.
