At the Chicago Mercantile Exchange, live and feeder cattle closed lower ahead of the week’s direct cash business. Feeder cattle were under additional pressure from the day’s higher move in corn. October live cattle closed $.47 at $109.70 and December live cattle closed $.47 lower at $112.62. October feeder cattle closed $.45 lower at $138.05 and November feeder cattle closed $1.42 lower at $136.45.
Scattered direct cash cattle trade took place on Thursday.
