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Feeder cattle pressured by higher corn

At the Chicago Mercantile Exchange, live cattle were mixed, and feeders were lower watching the corn and direct business.  October live cattle were down $0.30 at $143.65 and December lives were down $.05 at $149.90. September feeder cattle were down $.32 at $182.57 October feeder cattle were down $.22 at $185.47.

There was a light to moderate direct cash cattle trade that took place on Thursday.  Live deals were at $135.50 to $136 in the South, $.50 to $1 higher than both the rest of the week’s sales and last week’s business. 

Feeder cattle pressured by higher corn

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