Chicago Mercantile Exchange live cattle futures were mixed on spread trade and profit taking. June live was up $.20 at $137.75 and August was down $.50 at $136.30.

Feeder cattle were sharply lower on profit taking and the higher move in corn. August was down $1.97 at $171.30 and September was $1.87 lower at $173.22.

By Thursday afternoon, light direct cash cattle business had developed at $140 on the live basis in the south, up $1 to $4 from most of the week’s activity, with much lighter live trade in the north at $145 to $148.

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