At the Chicago Mercantile Exchange, live and feeder cattle were mixed, with widespread direct trade mostly wrapped up for the week (at lower prices), but did find some support from the mostly lower move in corn. June lives closed $.07 lower at $161.57 and August lives closed $.12 lower at $159.42. August feeder cattle closed $.37 lower at $223.15 and September feeders closed $.07 lower at $226.67.
It was a fairly quiet Thursday for direct cash cattle trade activity, with a handful of deals reported about steady with the week’s previous deals.
