 The cash feeder index set a record high of $2.57 in the first half of the week. Initial fed cattle trade started on Thursday with small numbers trading in the north at $310 on a dress basis, $4 higher for the week. And early live sales in the south were $2 higher at $1.88. The long-term cattle outlook is bullish on tightening supplies. However, record-heavy carcass weights have offset fewer numbers, while beef imports from South America and Australia remain robust.