Light cash cattle trade reported Thursday – Voice Of Muscatine

Light cash cattle trade reported Thursday

Chicago Mercantile Exchange live and feeder cattle futures were on short covering ahead of this week’s widespread direct cattle business. April live was up $1.47 at $188.72 and June was $1.32 higher at $184.60. April feeders were $.42 higher at $256.30 and May was up $.67 at $258.45.

Some light cash cattle trade was reported Thursday afternoon in parts of Nebraska at $292, $2 higher than last week’s weighted average. Just a few bids remain on the table in the South, and significant trade volume will likely occur sometime on Friday.

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