At the Chicago Mercantile Exchange, live and feeder cattle were lower, waiting for the rest of the week’s direct business to develop. April live cattle were down $1.12 at $187.60, and June live cattle were down $1.17 at $183.42. April feeder cattle were down $2.20 at $254.10, and May feeder cattle were down $1.70 at $256.75.
There was another round of direct cash cattle trade that took place on Friday. Live deals in the South were reported at $185, that’s $2 higher than the previous week’s weighted averages.
