At the Chicago Mercantile Exchange, live and feeder cattle were lower with feeders leading the way on the higher corn. June live cattle closed $1.92 lower at $131.65 and August live cattle closed $1.87 lower at $132.77. August feeder cattle closed $3.47 lower at $166.52 and September feeder cattle closed $3.50 lower at $169.67.
Direct cash cattle trade activity was quiet on Thursday following Tuesday and Wednesday’s business. It’s likely the bulk of the week’s trade has wrapped up, but some deals could trickle in before the end of the week.
