At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were mixed waiting for direct cash business to unfold.  February live cattle closed $.20 lower at $157.55 and April lives closed $.40 lower at $160.92.  March feeders closed $1.27 lower at $184.27 and April feeders closed $1.17 lower at $188.40. 

Direct cash cattle trade activity was relatively quiet again Thursday.  Packer inquiry did improve, and bids surfaced at $154 to $155 live in the South and $250 to $252 dressed in the North. 

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