Chicago Mercantile Exchange live and feeder cattle futures were mixed ahead of the USDA’s Cattle on Feed report, which was out after Friday’s close. April live was down $.02 at $162.32 and June was $.47 lower at $156.40. April feeders were $.50 lower at $194.65 and May was down $.32 at $199.95.
Direct cash cattle trade ended the week quiet with the bulk of the business carried out earlier in the week. The majority of cash cattle trade this week has been at mostly $164 on a live basis and $264 dressed, both about $1 lower than last week’s weighted averages.