At the Chicago Mercantile Exchange, live and feeder cattle were mostly lower ahead of the week’s direct business.  February live cattle closed $.45 lower at $116 and April live cattle closed $.07 higher at $122.70.  January feeder cattle closed $.07 higher at $135.70 and March feeder cattle closed $.27 lower at $139.80. 

Direct cash cattle trade activity was slow on Thursday with just some light trade reported.  Deals in the South were at $110 to $112 live and $175 to $177 dressed in the North. 

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