At the Chicago Mercantile Exchange, live cattle closed mostly lower and feeders were lower, pressured by higher corn and both were watching direct cash business develop. October live cattle closed $.05 higher at $124.17 and December live cattle closed $.20 lower at $129.45. September feeder cattle closed $.55 lower at $154.72 and October feeder cattle closed $1.65 lower at $156.50.
A light to moderate direct cash cattle trade took place on Wednesday. Deals in the South were at $123 to $124 live, about steady with last week’s weighted averages.
