At the Chicago Mercantile Exchange, live cattle were higher supported by this week’s direct cash business, feeders were mostly lower on the higher corn. April live cattle closed $.02 higher at $146.92 and March feeder cattle closed $1.27 lower at $167.45.
There was a light to moderate round of direct cash cattle trade that took place on Wednesday. Live deals in all areas were at $142 to $143, about $2 to $3 higher than last week’s weighted averages.
