At the Chicago Mercantile Exchange, live and feeder cattle closed lower watching corn and waiting for more direct cash business to develop.  April live cattle closed $.80 lower at $139.37 and June live cattle closed $.87 lower at $137.12.  April feeder cattle closed $2.27 lower at $161.40 and May feeder cattle closed $2.35 lower at $166.55. 

There was a light direct cash cattle trade that developed on Thursday.  Dressed deals in the North were at $222 to $225, all were marked for delayed delivery. 

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