Chicago Mercantile Exchange live cattle futures were mostly lower and feeders were down modestly on spread trade, profit taking, and the recent trend in beef. Feeders largely ignored the weak trade in corn. February live was up $.47 at $141.60 and April was down $.15 at $146.75. March feeders were $.15 lower at $166.72 and April was down $.02 at $171.80.
Light direct cattle business developed in the South on Thursday at $140, around $4 higher than last week’s weighted averages.
