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Cattle futures mostly lower ahead of On Feed numbers

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At the Chicago Mercantile Exchange, live and feeder cattle were mostly lower watching direct business develop and waiting on Friday’s On Feed numbers.  April live cattle closed $.57 higher at $188.37 and June lives closed $.27 lower at $184.50.  April feeder cattle closed $.30 lower at $254.62 and May feeders closed $.72 lower at $358.07.

It was an active Thursday for direct cash cattle business as packers aggressively competed for fed cattle.  Deals in the South were at $188 live, that’s $2 higher than the previous week’s business. 

Cattle futures mostly lower ahead of On Feed numbers