Cattle futures mostly lower ahead of On Feed numbers

At the Chicago Mercantile Exchange, live cattle were mostly lower and feeders were lower ahead of Friday’s On Feed numbers, which will likely be considered bearish in the near-term.  June lives closed $.07 higher at $131.57 and August lives closed $.47 lower at $131.55.  August feeder cattle closed $1.27 lower at $163.92 and September feeder cattle closed $.90 lower at $167. 

It was a quiet Friday for direct cash cattle trade activity.  For the week, Southern live deals ranged from $136 to $138, mostly $138, $2 lower than the previous week’s weighted averages. 

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