Chicago Mercantile Exchange live cattle futures were up and feeders were mostly higher, watching direct cash business develop with a bullish tone in the outside markets. October live was $.82 higher at $123.27 and December was up $.75 at $128.55. September feeders were down $.05 at $154.80 and October was up $1.05 at $157.67.
Light to moderate direct cash cattle trade developed on Wednesday with deals being reported in the North at $198, about $1 lower than last week’s weighted average basis in Nebraska.
