At the Chicago Mercantile Exchange, live and feeder cattle were higher watching direct business develop, and getting ready for Friday’s on feed numbers. October live cattle closed $.95 higher at $125.95 and December live cattle closed $.50 higher at $130.52. October feeder cattle closed $.82 higher at $155.92 and November feeder cattle closed $.50 higher at $159.35.
It was a fairly active day for direct cash cattle trade on Wednesday. Live deals in the South were at $124, fully steady with last week’s weighted averages.
