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
