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Light cash cattle trade reported Thursday

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Chicago Mercantile Exchange live and feeder cattle futures were on short covering ahead of this week’s widespread direct cattle business. April live was up $1.47 at $188.72 and June was $1.32 higher at $184.60. April feeders were $.42 higher at $256.30 and May was up $.67 at $258.45.

Some light cash cattle trade was reported Thursday afternoon in parts of Nebraska at $292, $2 higher than last week’s weighted average. Just a few bids remain on the table in the South, and significant trade volume will likely occur sometime on Friday.

Light cash cattle trade reported Thursday