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Live cattle lower, feeders mixed ahead of Friday’s Cattle on Feed report

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Chicago Mercantile Exchange live cattle futures closed lower and feeders finished mixed ahead of widespread direct business and Friday’s USDA Cattle on Feed report. Live cattle and deferred feeders closed at or near the day’s lows after failing to break overhead resistance. April live was down $1.15 at $186.55 and June was $.60 lower at $182.70. March feeders were up $.70 at $252.05 and April was $.77 higher at $256.70.

Cash cattle country was relatively quiet on Thursday with a few bids on the table in parts of Kansas and Nebraska.

Live cattle lower, feeders mixed ahead of Friday’s Cattle on Feed report