At the Chicago Mercantile Exchange, live cattle closed mostly lower and feeders were mostly higher ahead of widespread direct business. Feeder cattle had additional support from the day’s lower move in corn. December live cattle closed $.42 lower at $111.97 and February live cattle closed $.47 lower at $114.80. November feeder cattle closed $.52 lower at $140.07 and January feeders closed $.52 higher at $140.72.
Some light direct cattle trade was reported in Nebraska at $172 dressed on Thursday.
