At the Chicago Mercantile Exchange, live cattle were mostly higher ahead of widespread direct cash business. Feeders were pressured by the higher move in corn. August live cattle closed $.10 higher $171.07 and October live cattle closed $.22 higher at $174.35. August feeder cattle closed $1.77 lower at $234.12 and September feeders closed $1.60 lower at $237.52.
There was another light round of direct cash cattle business reported on Thursday. Deals in Nebraska were marked at $296 dressed, $4 below the previous week’s weighted average basis in Nebraska.
