At the Chicago Mercantile Exchange, live and feeder cattle were lower, pressured by the recent drop in cash business.  December live cattle closed $1.02 lower at $170.87 and February live cattle closed $1.65 lower at $171.82.  January feeder cattle closed $2.25 lower at $219.95 and March feeder cattle closed $1.70 lower at $222.57. 

There was another round of scattered direct cash cattle business that took place on Thursday on Thursday.  Live deals in the South were at $174, $1 lower than the bulk of this week’s business and $3 below last week’s trade. 

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