Cattle futures still waiting on cash business to develop

Cattle futures still waiting on cash business to develop

At the Chicago Mercantile Exchange, live cattle were mostly lower, and feeders were mixed waiting for direct cash business to unfold.  February live cattle closed $.20 lower at $157.55 and April lives closed $.40 lower at $160.92.  March feeders closed $1.27 lower at $184.27 and April feeders closed $1.17 lower at $188.40. 

Direct cash cattle trade activity was relatively quiet again Thursday.  Packer inquiry did improve, and bids surfaced at $154 to $155 live in the South and $250 to $252 dressed in the North. 

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