At the Chicago Mercantile Exchange, live cattle ended the day mostly higher and feeder cattle were higher watching corn and direct business develop. June live cattle closed $.02 lower at $118.60 and August live cattle closed $.27 higher at $122.32. May feeder cattle closed $1.42 higher at $136.75 and August feeder cattle closed $1.67 higher at $150.52.
Another round of direct cash cattle trade took place on Wednesday. There were a handful of deals reported in parts of Texas at $119 live, that’s fully steady with last week’s weighted averages and live deals in Nebraska were at $120 live.
