Cattle futures mixed ahead of On Feed numbers

At the Chicago Mercantile Exchange, live and feeder cattle were mixed on position squaring ahead of Friday’s On Feed numbers from the USDA.  The report, overall, looks bearish.  June live cattle closed $1.47 lower at $138.42 and August live cattle closed $1.20 lower at $140.37.  May feeder cattle closed $.97 lower at $163.87 and August feeder cattle closed $.45 higher at $176.90. 

It was a quiet Friday for direct cash cattle trade activity following the active trade earlier in the week.

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