At the Chicago Mercantile Exchange, live and feeder cattle were higher ahead of the week’s direct cash business. October live cattle closed $.17 higher at $145.85 and December lives closed $.30 higher at $151.50. September feeder cattle closed $1.65 higher at $187.12 and October feeders closed $1.52 higher at $189.55.
DiDirect cash cattle trade activity was relatively slow on Wednesday. There was some scattered trade reported throughout cattle country, but not near enough to establish a trend.
Cattle futures higher waiting for direct cash business to develop
