Chicago Mercantile Exchange live cattle futures were mostly lower and feeders were down on spread trade and profit taking, with feeders seeing additional pressure from the higher corn. December live was up $.02 at $137.67 and February was down $.632 at $138.95. January feeders were $1.65 lower at $164.12 and March was down $1.22 at $167.10.
Direct cash cattle markets were quiet. Thursday’s business was moderate, mainly at $142 on the live basis and $220 dressed, both $3 higher than the previous week’s activity.
