At the Chicago Mercantile Exchange, live and feeder cattle were lower watching direct business unfold. December live cattle closed $.52 lower at $!74.47 and February live cattle closed $.80 lower at $175.27. January feeder cattle closed $1.20 lower at $227.12 and March feeders closed $1.10 lower at $230.12.
There was a light to moderate round of direct cash cattle trade that took place on Wednesday. Live deals in the South were at $177, that’s $1 higher than Tuesday’s business and $1 lower than the prior week’s trade.
