At the Chicago Mercantile Exchange, live and feeder cattle closed lower ahead of the USDA’s on feed numbers which come out on Friday. October live cattle closed $.32 lower at $103.32 and December live cattle closed $1.10 lower at $103.47. October feeder cattle closed $.57 lower at $133.92 and November feeder cattle closed $.72 lower at $130.42.
Just some scattered direct cash cattle trade was reported on Thursday. Dressed deals in Iowa were at $164 and live deals in Kansas were at $105.
