Live cattle up, feeders close lower

Live cattle up, feeders close lower

Chicago Mercantile Exchange live cattle futures were up on follow through buying and support from the week’s direct business. Feeders were down on profit taking. February live was $.80 higher at $180.55 and April was up $.57 at $183.75. March feeders were down $.07 at $244.80 and April was $.32 lower at $250.20.

Some bids were reported in cash cattle country Friday afternoon following Thursday’s light to moderate business. Northern dressed deals were at mostly $280, up $3 on the week.