Live Cattle Trend Short Term: Down Long Term: Down Opening Calls: Mixed Live cattle futures showed some sign of life on Friday, posting strong gains across the board but still off more than 5.00 for the week. For the week, boxed beef prices were off 6.46 and 8.44 respectively, while cash fell another $6.00+ for the same period. Packer margins appear in very good shape. We will see if futures can maintain positive momentum for more than one day. Outside influences should be supportive, with the Dollar lower and equities higher.