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Cattle futures lower ahead of direct business

At the Chicago Mercantile Exchange, live and feeder cattle were lower, pressured by the lower boxed beef and waiting for direct cash business to develop. December live cattle were up $1.47 at $151.57 and February lives were up $0.62 at $154.15. January feeders were up $0.25 at $179.65 and March feeders were up $0.35 at $181.80.

There was a light direct cash cattle trade that took place across cattle country on Wednesday.  Live deals in the South were at $150 and dressed deals in the North were at $242. 

Cattle futures lower ahead of direct business

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