At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower on follow-through selling, the decline in exports sales, and the recent run-up in corn.  April live cattle closed $.50 lower at $121.60 and June live cattle closed $.40 lower at $119.65.  April feeder cattle closed $1.10 lower at $140.05 and May feeder cattle closed $1 at $144.42. 

There was a light to moderate direct cash cattle trade on Thursday.  Live deals in the South were at $120 to $121, about steady to $.50 higher than last week’s business. 

…