At the Chicago Mercantile Exchange, live and feeder cattle were lower, pressured by outside markets and the lower boxed beef prices during the session. December live cattle closed $.65 lower at $185.37 and February lives closed $.77 lower at $189.60. November feeders closed $.12 lower at $250.30 and January feeders closed $1.00 lower at $253.05.
There was a light direct cash cattle business reported on Thursday. Deals in Nebraska were marked at $288 dressed, generally steady money with the week’s previous business.