Chicago Mercantile Exchange live and feeder cattle futures were lower on technical selling. There was likely also at least some disappointment the week’s direct business was only steady to firm. February live was down $.57 at $156.77 and April was $.60 lower at $160.67. March feeders were $.90 lower at $185.65 and April was down $.70 at $189.82.

Direct cash cattle trade ended the day quiet with Southern live deals at mostly $157, fully steady with the prior week’s weighted averages, Northern dressed trade was at mostly $252, roughly $0.50 higher than last week’s weighted averages basis Nebraska.

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