Chicago Mercantile Exchange live and feeder cattle futures were higher, getting ready for widespread direct business and Friday’s USDA Cattle on Feed report. Feeders were able to shrug off the firm move in corn thanks to strong feeder cattle demand. October live was up $1.10 at $186.77 and December was $1.05 higher at $191.52. October feeders were $1.22 higher at $260.57 and November was up $.55 at $265.57.
Direct cash cattle trade remained quiet on Wednesday.
