At the Chicago Mercantile Exchange, live were mostly lower and feeders were higher watching corn and the direct markets ahead of Friday’s USDA reports. Live cattle closed $.30 lower at $180.02 and October lives closed $.85 lower at $181.90. August feeder cattle closed $.82 higher at $245.92 and September feeders closed $.97 higher at $249.27.
There was a moderate direct cash cattle trade that took place across all of cattle country Friday. It took nearly the entire week for business to really get rolling, and it paid off for the sellers.
