At the Chicago Mercantile Exchange, live and feeder cattle were mostly lower watching corn and cash business develop. August live cattle closed $1.15 lower at $123.27 and October live cattle closed $.70 lower at $129.60. August feeder cattle closed $.15 higher at $159.45 and September feeder cattle closed $.70 lower at $164.45.
A light direct cash cattle trade took place on Thursday. Deals in the South were at $123 live, about $1 higher than last week’s weighted and in the North at $125 live.
