At the Chicago Mercantile Exchange, live and feeder cattle were lower in fairly quiet trade on technical selling and spillover from the outside markets. Live cattle had additional pressure from their premium to cash, while losses in feeders were limited by the lower corn. August live was down $.42 at $122.07 and October was $.95 lower at $127.20. August feeder cattle were $.32 lower at $158.17 and September was down $.15 at $161.80.
Direct cash cattle trade was mostly quiet on Friday with the bulk of the week’s business already wrapped up.
