At the Chicago Mercantile Exchange, live and feeder cattle were lower watching direct business develop.  Feeders had additional pressure from the higher move in corn.  February live cattle closed $.87 lower at $156.72 April lives closed $1.02 lower at $160.52. March feeder cattle closed $.90 lower at $182.85 and April feeder cattle closed $1.35 lower at $187.

There was a light direct cash cattle trade that took place on Thursday.  Dressed deals in the North were at mostly $248, fully steady with last week’s weighted averages, there were also a few deals marked $250.  

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