At the Chicago Mercantile Exchange, live cattle closed higher, following feeders, which were supported by the lower move in corn. Despite lower cash and boxed beef prices. December live cattle closed $.55 higher at $107.92 and February live cattle closed $.87 higher at $111.85. January feeder cattle closed $.57 higher at $137.60 and March feeder cattle closed $.45 higher at $139.25.
Direct cash cattle trade activity was sluggish on Thursday. Buyers continue to try and push down prices as boxed beef prices continue their slide.
