At the Chicago Mercantile Exchange, live and feeder cattle ended the day higher, supported by this week’s stronger cash business. June live cattle closed $0.57 higher at $136.87 August live cattle closed $1 higher at $138.65 and May feeder cattle closed a dollar two higher at $161.95 August feeder cattle closed $.67 higher at $174.42.
There was a light to moderate direct cash cattle trade that took place on Wednesday. Deals in the South were at $139 live, fully steady with Tuesday’s business and last week’s weighted averages.
