At the Chicago Mercantile Exchange, live and feeder cattle closed lower watching direct business develop and ahead of Friday’s USDA reports. December live cattle closed $.67 lower at $110.65 and February live cattle closed $.42 lower at $113.15. November feeder cattle closed $.35 lower at $137.02 and January feeder cattle closed $2.42 lower at $137.30.
Another round of light to moderate trade was reported across most of cattle country on Wednesday. Live deals in the South are at $110, that’s fully steady with Tuesday’s business and last week’s trade.
