At the Chicago Mercantile Exchange, live and feeder cattle closed lower ahead of widespread direct business. Feeder cattle had additional pressure from the day’s higher move in corn. October live cattle closed $.35 lower at $108.55 and December live cattle closed $.77 lower at $112.35. October feeder cattle closed $1.57 lower at $141.35 and November feeder cattle closed $1.72 lower at $142.05.
A light direct cash cattle trade developed before the end of the day Wednesday.
