Live cattle futures lower ahead of On Feed report

At the Chicago Mercantile Exchange, live cattle were lower ahead of Friday’s On Feed numbers, feeder cattle were higher on the lower corn.  April live cattle closed $.37 lower at $141.92 and June live cattle closed $.30 lower at $138.30.  March feeder cattle closed $.92 higher at $160.02 and April feeder cattle closed $.95 at $164.75. 

It was a relatively quiet week for direct cash cattle trade.  Friday ended with a handful of deals reported in It was a relatively quiet week for direct cash cattle trade. 

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