At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of the week’s direct cash business.  Feeders had additional pressure from the higher move in corn.  February lives closed $.72 lower at $157 and April lives closed $.80 lower at $160.10.  March feeders closed $1.57 lower at $181.30 and April feeders closed $1.17 lower at $185.87.  

Direct cash cattle trade is off to another slow start.  Packer inquiry has been limited.

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