Cattle futures supported by lower corn

At the Chicago Mercantile Exchange, live and feeder cattle were higher with feeders leading the way on the lower move in corn.  December live cattle closed $1.50 higher at $153.07 and February lives closed $.87 higher at $155.02.  January feeders closed $2.05 higher at $181.70 and March feeders closed $2 higher at $183.80. 

There was a light direct cash cattle trade that took place in the North on Thursday.  Live deals were at $153 and dressed deals at $242.50, generally steady with the week’s previous business. 

…

Cattle futures supported by lower corn