At the Chicago Mercantile Exchange, live and feeder closed higher ahead of the USDA’s semi-annual Cattle Inventory report and the monthly Cattle on Feed update, both of which were out after the close. Feeders picked up additional support from the lower move in corn. The numbers were neutral to supportive to prices. August live cattle were $1.65 higher at $137.37 and October was up $2.02 at $143. August feeder cattle were up $3.27 at $181.55 and September was $3.17 higher at $184.47.
Cattle futures higher ahead of Friday reports
