At the Chicago Mercantile Exchange live and feeder cattle futures were lower, with feeders leading the way down on the higher corn. Beef export sales were up on the week, but lower than average, with South Korea, Japan, and China the reported buyers. August live was down $.57 at $122.50 and October was $.37 lower at $128.15. August feeder cattle were $1.67 lower at $158.50 and September was down $1.50 at $161.95.

A light trade developed by the end of the day on Thursday.

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