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Live cattle lower, feeders higher heading to Friday

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At the Chicago Mercantile Exchange, live cattle closed lower, watching the direct markets, and feeders were higher on the drop in corn.  August live cattle closed $1.05 lower at $133.87 and October live cattle closed $1.07 lower at $140.  August feeder cattle closed $1.70 higher at $174.85 and September feeder cattle closed $1.55 higher at $176.85. 

Thursday was a relatively active day for direct cash cattle trade.  Deals were at mostly $234, $4 higher than last week’s weighted average basis in Nebraska. 

Live cattle lower, feeders higher heading to Friday

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