At the Chicago Mercantile Exchange, live and feeder cattle are lower, waiting for the rest of the week’s direct business to develop. June live cattle closed $1.50 lower at $131.50 and August live cattle closed $1.77 lower at $131.70. August feeder cattle closed $.97 lower at $165.80 and September feeder cattle closed $.77 lower at $168.45.
There was some very light, scattered direct cash cattle trade on Wednesday. Dressed deals in Nebraska were at $227, fully steady money with Tuesday’s business.
