Live cattle lower waiting for direct business to develop

Live cattle lower waiting for direct business to develop

At the Chicago Mercantile Exchange, live cattle were lower and feeders were mixed ahead of widespread direct cash business.  April live closed $1.02 lower at $164.10 and June lives closed $1.15 lower at $159.45.  April feeders were unchanged at $193.85 and May feeders closed $.17 lower at $198.82. 

Thursday was another relatively quiet day for direct cash cattle business.  A few scattered bids surfaced at $262 dressed in the North, but the rest of cattle country was relatively quiet. 

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