At the Chicago Mercantile Exchange, live and feeder cattle were lower watching direct business develop. December lives closed $.80 lower at $183.87. January feeder cattle closed $2.42 lower at $239.75.
There was a light direct cash cattle trade that developed later in the day Friday. Business was mostly in the North at $292 to nearly $293 dressed, $2 to nearly $3 higher than the previous week’s business. The South was quiet, with not even a token bid that surfaced.
