Cattle futures end the week mostly higher

At the Chicago Mercantile Exchange, live cattle were mostly higher and feeder on technical activity, also keeping an eye on corn. August live cattle closed $.27 lower at $133.85 and August feeder cattle closed $.92 higher at $173.87. 

It was a quiet Friday for direct cash cattle trade activity.  For the week, deals in the South were at mostly $135, $2 lower than the prior week’s weighted averages.  Northern dressed deals were at mostly $222, also about $2 lower than the previous week’s weighted average basis in Nebraska. 

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