At the Chicago Mercantile Exchange, live and feeder closed lower watching corn and waiting for the rest of the week’s direct cash business develop. June live cattle closed $1.22 lower at $135.02 and August live cattle closed $1.22 lower at $135.02. Mya feeder cattle closed $3.37 lower at $157.35 and August feeder cattle close $4.20 at $168.95.
There were just a handful of direct cash cattle trades reported on Wednesday. Dressed deals in Nebraska were at $230. Those are marked for delayed delivery. Live deals in Iowa at $146.
