At the Chicago Mercantile Exchange, live and feeder cattle futures ended the day lower on profit-taking, feeders had additional pressure from the day’s higher move in corn. August live cattle closed $.50 lower at $121.25 and October live cattle closed $.40 lower at $126.77. August feeder cattle closed $1.87 lower at $156.95 and September feeder cattle closed $2.40 lower at $159.22.
A relatively quiet day for direct cash cattle trade activity following the light to moderate business that took place on Tuesday.
