At the CME, live and feeder cattle futures were lower in light post-holiday trade volume on technical selling. Feeders had additional pressure from the modestly higher move in corn. December live was $.27 lower at $153.07 and February was down $.30 at $155.12. January feeders were down $.95 at $178.30 and March was $.80 lower at $181.55.
The cash cattle market didn’t see much action Friday and no bids were renewed. Some late trade has was reported from Wednesday afternoon, but other than that the cash market was stagnant.
