At the Chicago

Mercantile Exchange, live cattle were lower pressured by the lower wholesale

values during the session.  Feeder cattle

were also lower on the same factors with additional pressure from the day’s higher

move in corn.  August live cattle closed

$.85 lower at $99.15 and October live cattle closed $.67 lower at $103.50.  August feeder cattle closed $.87 lower at $134.05

and September feeder cattle closed $.65 lower at $135.67. 

A light to moderate direct cash cattle trade took place in the South on Wednesday. 

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