Live cattle mostly higher, feeders mostly lower ahead of On Feed numbers

At the Chicago Mercantile Exchange, live cattle were mixed, mostly higher and feeder cattle were mostly lower ahead of Friday’s On Feed numbers, which had higher than expected placements for July.  Feeder cattle had additional pressure from the day’s higher move in corn.  October lives closed $.50 higher at $145.25 and December lives closed $.42 higher at $150.97.  September feeder cattle closed $.52 lower at $184.75 and October feeders closed $.90 lower at $186.77. 

It was a quiet end to the week for direct cash cattle business. 

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Live cattle mostly higher, feeders mostly lower ahead of On Feed numbers