Live, feeder cattle futures split to end week

Live, feeder cattle futures split to end week

Chicago Mercantile Exchange live cattle futures ended Friday’s session mixed, mostly modestly higher, on spread trade and the week’s direct business. February was up $.45 at $142.05 and April was $.12 higher at $146.87.

Feeder cattle were lower on technical selling and the modestly higher move in corn. March was down $.62 at $166.10 and April was $.37 lower at $171.42.

A little clean up trade happened this afternoon with Southern live deals at $140, about $4 higher than last week’s weighted averages.