Chicago Mercantile Exchange live and feeder cattle were higher, with most months up sharply, supported by follow through buying and direct cash business during the session. Feeders picked up additional support from the lower move in corn. February live was $.82 higher at $141.12 and April was up $1.52 at $146.90. March feeders were up $3.17 at $166.89 and April was $2.67 higher at $171.82.
Light direct cash cattle trade developed in the north on Wednesday at $222, $4 higher than last week’s weighted averages.
