At the Chicago Mercantile Exchange, live cattle were up, and feeders were mostly higher watching direct business unfold. April live cattle closed $1.40 higher at $185 and June lives closed $1.57 higher at $180.25. April feeder cattle closed $.25 higher at $247.12 and May feeders closed $.42 higher at $248.70.
There was a light to moderate direct cash cattle trade that developed Thursday afternoon. Deals in the South were marked at $186 live, that is $1 higher than Wednesday’s business but $2 below the previous week’s weighted averages.
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