At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of widespread direct business and Friday’s On Feed report. June live cattle closed $.65 lower at $183.52 and August live cattle closed $.60 lower at $181.07. August feeder cattle closed $1.45 lower at $261.45 and September feeder cattle closed $1.02 lower at $262.72.
A light to moderate round of direct cash cattle business developed Thursday. Live deals in the South were $1 higher than last week’s weighted averages at $187.
