At the Chicago Mercantile Exchange, live and feeder cattle closed higher, supported by commercial buying and the stronger wholesale values during the session. August live cattle are $2.50 higher at $101.30 and October live cattle are $1.45 higher at $104.55. August feeder cattle closed $2.70 higher at $139.42 and September feeder cattle closed $2.07 higher at $139.55.
A light to moderate direct cash cattle trade took place on Wednesday. In Nebraska, dressed deals were at $157, fully steady with last week’s weighted average basis, and $96 live in the western part of the state, which was also nearly steady.
