At the Chicago Mercantile Exchange, live and feeder cattle closed lower, with pressure from the week’s lower cash trade and weakness in boxed beef prices. October live cattle closed $1 lower at $104.47 and December live cattle closed $.70 lower at $108.45. September feeder cattle closed $1.42 lower at $138.70 and October feeder cattle closed $1.20 lower at $139.40.
Another round of light trade was reported on Wednesday. Live deals in the South were at $103, $1 lower than Tuesday’s business and $2 lower than last week’s weighted averages.
