At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were mostly lower, waiting for direct business to develop. June live cattle closed $.40 lower at $175.32 and August lives closed $.15 lower at $172.77. May feeders closed $.70 lower at $240.27 and August feeders closed $.22 lower at $252.12.
Direct cash cattle trade activity was quiet. Bids were elusive. Asking prices were around $184 to $185 live in the South, while still not established in the North.
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