At the Chicago Mercantile Exchange, live and feeder cattle were lower watching direct business unfold.  October live cattle closed $1.20 lower at $181.32 and December lives closed $1.15 lower at $185.45.  September feeders closed $.12 lower at $251.45 and October feeders closed $.45 lower at $252.87. 

There was a scattered, light direct cash cattle trade reported on Friday.  Most of the day’s activity was in the North.  Dressed deals were at $295 in Nebraska, about steady with the prior week’s weighted average basis. 

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