Chicago Mercantile Exchange live and feeder cattle futures were lower on profit taking, essentially buying expectations of higher direct trade on Thursday, then selling the fact on Friday. February live was down $.95 at $157.90 and April was $.65 lower at $161.80. January feeders were $.10 lower at $183.70 and March was down $.55 at $186.22.
Direct cash cattle business was light to moderate at $157 live in Kansas and Texas, steady with Thursday’s trade, and $252 dressed, steady to lower.
