At the Chicago Mercantile Exchange, live cattle were mostly lower and feeder cattle were lower on profit-taking, watching corn, and waiting for any clean-up trade to trickle in. June live cattle closed $0.45 lower at $136.42 and August live cattle closed $.32 lower at $138.32. May feeder cattle closed $.17 lower at $161.77 and August feeder cattle closed $.07 lower at $174.35.
A quiet Thursday for direct cash cattle trade. It’s likely the bulk of the week’s business has wrapped up.
