At the Chicago Mercantile Exchange, live and feeder cattle were lower watching direct cash business develop and getting ready for Friday’s On Feed numbers from the USDA.  February live cattle closed $.85 lower at $155.95 and April live cattle closed $1.10 lower at $159.12.  March feeder cattle closed $1.62 lower at $180.10 and April feeders closed $1.15 lower at $185.15. 

There was a light round of direct cash cattle trade reported on Thursday. 

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