At the Chicago Mercantile Exchange, live cattle closed mostly lower, adjusting spreads. Feeder cattle were mostly higher on the day’s lower move in corn.
It was a mostly quiet Friday for direct cash cattle trade activity, with just some scattered trade reported fully steady with the week’s business. For the week, live deals in the South had a range of $137 to mostly $140, steady with the previous week’s business. Dressed deals ranged from $225 to mostly $230, below the prior week’s weighted average basis in Nebraska.
