At the Chicago Mercantile Exchange, live cattle were mostly lower and feeders were lower ahead of the bulk of the week’s direct cash business. December live cattle closed $.55 higher at $151.95 and February live cattle closed $.02 lower at $154.87. January feeders closed $.57 lower at $179.42 and March feeder cattle closed $.15 lower at $181.77.
There was substantial direct cash cattle trade that took place on Thursday. Live deals were marked at $150 in the South and $153 in the North, about steady with last week’s weighted averages.
