Cattle futures lower, shrugging off higher cash business

At the Chicago Mercantile Exchange, live and feeder cattle ended the day lower watching corn and waiting for the rest of the week’s direct business to develop.  August lives closed $.95 lower at $172.25 and October lives closed $.92 lower at $174.70.  August feeders closed $.45 lower at $238.65 and September feeders closed $.80 lower at $241.47. 

Direct cash cattle trade activity was relatively quiet on Thursday.  There was a very light round of business in the South at $185 live. 

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