At the Chicago Mercantile Exchange, live and feeder cattle closed lower on profit-taking, watching direct business develop. October live cattle closed $1.10 lower at $144.75 and December live cattle closed $.95 lower at $150.55. September feeder cattle closed $1.85 lower at $185.27 and October feeder cattle closed $1.87 lower at $187.67.
There was a moderate direct cash cattle trade that took place across cattle country on Thursday. Live deals were at $142 in the South, about $2 higher than last week’s weighted averages.