At the Chicago Mercantile Exchange, live cattle closed sharply lower on fund and technical selling and feeders were mostly lower, watching corn and the live pit.  June live cattle closed $3. Lower at $115.60 and August live cattle closed $2.92 lower at $119.40.  May feeder cattle closed $.70 higher at $137.45 and August feeder cattle closed $.02 lower at $150.50. 

There was another round of light direct cash cattle trade that took place on Thursday. 

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