At the Chicago Mercantile Exchange, live and feeder cattle were lower watching direct cash business develop. Feeders had additional pressure from the day’s higher move in corn. February lean hogs closed $.85 lower at $154.85 and April lean hogs closed $.65 lower at $158.92 and January feeder cattle closed $.55 lower at $183.05 and March feeder cattle closed $.77 lower at $184.67.
A light to moderate direct cash cattle trade developed on Thursday.
