At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were mostly lower, waiting for direct business to develop.  June live cattle closed $.40 lower at $175.32 and August lives closed $.15 lower at $172.77.  May feeders closed $.70 lower at $240.27 and August feeders closed $.22 lower at $252.12. 

Direct cash cattle trade activity was quiet.  Bids were elusive.  Asking prices were around $184 to $185 live in the South, while still not established in the North.   

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