At the Chicago Mercantile Exchange, live and feeder cattle were pressured by the lower boxed beef prices during the session. Feeder cattle were under additional pressure from the day’s higher move in corn. December live cattle closed $1.10 lower at $109.60 and February live cattle closed $1.35 lower at $112.57. January feeder cattle closed $2. Lower at $139.80 and March feeders closed $1.65 lower at $139.32.
Another round of light to moderate direct cash cattle trade took place in the major feeding areas on Thursday.
