At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were lower on position squaring ahead of Friday’s On Feed numbers. The numbers were close to pre-report expectations and mostly look neutral for prices in the short-term, however, the placements numbers will likely weigh on deferred futures contracts. April live cattle closed $.80 higher at $140.47. April feeder cattle closed $1.15 lower at $161.57.
It was a mostly quiet Friday for direct cash cattle trade activity, with just a little scattered business reported.
