At the Chicago Mercantile Exchange, live and feeder cattle closed lower on profit-taking, watching direct business develop.  October live cattle closed $1.10 lower at $144.75 and December live cattle closed $.95 lower at $150.55.  September feeder cattle closed $1.85 lower at $185.27 and October feeder cattle closed $1.87 lower at $187.67. 

There was a moderate direct cash cattle trade that took place across cattle country on Thursday.  Live deals were at $142 in the South, about $2 higher than last week’s weighted averages. 

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