At the Chicago Mercantile Exchange, live and feeder cattle closed mostly higher ahead of widespread direct cash business. August live cattle closed $.02 higher at $102.30 and October live cattle closed $.02 lower at $107.45. August feeder cattle closed $.10 higher at $144.80 and September feeder cattle closed $.15 lower at $146.47.
Another round of light to moderate direct cash cattle trade took place on Wednesday. Deals in Texas have been reported at $99 to $100, steady to $1 higher than Tuesday’s very light trade and about $2.50 to $3.50 higher than last week’s weighted averages.
