At the Chicago Mercantile Exchange, live and feeder cattle closed lower watching corn and waiting for some direct cash business to develop. April live cattle closed $.85 lower at $118.55 and June live cattle closed $.70 lower at $116.97. March feeder cattle closed $1.90 lower at $135.10 and April feeders closed $2.32 lower at $138.97.
Direct cash cattle trade activity was sluggish on Thursday. Bids surfaced at $114 live and $178 and $180 dressed in the North. Asking prices in the South are firm at $115 to $116 while the North has been quiet. Additional business should develop over the balance of the week.
At the Huss Livestock Market in Nebraska, compared to last week steers were steady to $5 lower, except 700 pound steers which were $3 higher.
