At the Chicago Mercantile Exchange, live cattle were mostly lower position squaring ahead of Friday’s USDA reports with pressure from the lower boxed beef prices and feeders were supported by the lower move in corn.  August live cattle closed $.02 lower at $135.72 and October lives closed $.35 lower at $140.97.  August feeder cattle closed $.45 higher at $172.27 and September feeders closed $.32 higher at $181.30. 

There was another light to moderate round of direct cash cattle business on Thursday. 

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