At the Chicago Mercantile Exchange, live and feeder cattle were higher, supported by boxed beef prices and some weakness in corn. August live cattle closed $.27 higher at $120.05 and October live cattle closed $.55 higher at $125.25. August feeder cattle closed $1.25 higher at $156.77 and September feeder cattle closed $1.52 higher at $159.30.
A light direct cash cattle trade took place on Wednesday. Live deals in Kansas and Nebraska were at $119, those are about $1 lower than last week’s weighted averages.
