At the Chicago Mercantile Exchange, live cattle closed higher and feeder cattle closed mostly higher watching direct business develop. December live cattle closed $.07 higher at $110.70 and February live cattle closed $.75 higher at $113.92. January feeder cattle closed $.15 higher at $141.80 and March feeder cattle closed $.32 higher at $140.97.
A light direct cash cattle trade was reported on Wednesday. Live deals in Texas were at $110 to $112, that’s $1 lower to $1 higher than last week’s weighted averages.
