At the Chicago Mercantile Exchange, live cattle closed lower and feeder cattle were mostly lower ahead of widespread direct cash trade. October live cattle closed $.45 lower at $108.37 and December live cattle closed $.95 lower at $110.27. October feeder cattle closed $.25 higher at $138.37 and November feeder cattle closed $.50 lower at $136.32.
A light to moderate direct cash cattle trade took place on Wednesday. Live deals in in the South were at $108, about $.50 to $1 lower than last week’s weighted averages.
