At the Chicago Mercantile Exchange, live cattle were lower and feeders closed mostly lower waiting for direct cash business to develop. October lives closed $1.25 lower at $142.57 and December live cattle closed $1.32 lower at $148.47. September feeders closed $.27 higher at $182.45 and October feeders closed $.20 higher at $183.47.
There was another round of light direct cash cattle trade on Wednesday. Deals in the South were at $141 live, $1 below last week’s business.
Cattle futures lower ahead of widespread direct cash business