At the Chicago Mercantile Exchange live cattle futures were mostly lower ahead of widespread direct business and the expiration of the December contract Thursday. December was $.07 higher at $112.12 and February was $.12 lower at $114.45.
Feeder cattle were pressured by the recent rally in corn. January was $1.10 lower at $138.52 and March was down $1.47 at $139.75.
Direct cash cattle trade has been mostly quiet today. Live deals in Texas have come in at $111, $1 higher than last week’s weighted average.
