At the Chicago Mercantile Exchange, live and feeder cattle were sharply lower with boxed beef lower at midday, watching direct business unfold. June lives closed $1.90 lower at $175.25 and August lives closed $2.12 lower at $173.37. May feeders closed $1.95 lower at $244.10 and August feeders closed $3.10 lower at $256.30.
A light round of direct cattle business took place Wednesday. Deals in the South were marked at $182 live, fully steady with the previous week’s business.
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