At the Chicago Mercantile Exchange, live cattle were pressured by technical selling, feeders were mostly higher on the lower move in corn. December live cattle closed $.42 lower at $153 and February live cattle closed $.52 lower at $156.32. November feeder cattle closed $.25 lower at $177.87 and January feeders closed $.07 lower at $180.37.
It was a quiet Friday for direct cash cattle business following Thursday’s light to moderate activity. A handful of deals were reported in the South at $240 dressed, fully steady with the rest of the week’s business.
