At the Chicago Mercantile Exchange, live cattle were lower and feeders were mostly lower watching direct business develop.  February live cattle closed $.87 lower at $137.80 and April live cattle closed $.65 lower at $141.22.  January feeder cattle closed $.67 higher at $164.07 and March feeder cattle closed $.80 lower at $165.07. 

There was a light to moderate direct cash cattle trade that took place on Thursday.  Live deals were at $140 in the South, roughly $2 lower than the bulk of last week’s business and $138 to $139 in Nebraska. 

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