Futures closed mostly 30 to 52 lower. Spot April was up 7. Following a session of back-and-forth movement in most contracts, live cattle futures settled mostly lower. April futures were able to sustain a 27-cent gain at closing bell, although all other nearby contracts slipped 10 to 30 cents per cwt lower.
Compared to last week, yearling feeder cattle sold unevenly steady with some pressure early in the week (especially on weights over 850 lbs) but Wednesday’s record-high fed cattle trade extinguished any early pressure and added some late week strength.
Thus far for Friday, negotiated cash trade was mostly inactive on light demand in the southern and northern Plains as well as the western Corn Belt. Not enough sales in any major feeding region to establish an adequate market test. The latest available market
Fed cattle trade on Thursday in the southern Plains was light on light demand. Compared to Wednesday live sales traded steady at $91. In Kansas on Tuesday dressed sales traded at $143. In Nebraska trade was limited on light demand.
In Oklahoma City, OK, this week, feeder steers and heifers over 700 lbs. were called steady. Feeder cattle and calves under 700 lbs. were steady to $2 higher. Demand was called moderate for feeder cattle, but improved later in the day.