At the Chicago Mercantile Exchange, live and feeder cattle were supported by the week’s stronger direct cash business and the lower corn. June live cattle closed $1.27 higher at $139.90 and August live cattle closed $1.42 higher at $141.57. May feeder cattle closed $2.37 higher at $164.85 and August feeder cattle closed $2.97 higher at $176.45.
It was a relatively quiet Thursday for direct cash cattle trade activity following the active days earlier in the week.
