At the Chicago Mercantile Exchange, live cattle were mostly higher and feeders were mostly lower watching corn and direct cash business develop.  October live cattle closed $.40 higher at $127.22 and December live cattle closed $.12 higher at $131.57.  October feeder cattle closed $.52 higher at $156.50 and November feeders were $1.30 lower at $158.47. 

There was a moderate direct cash cattle trade took place on Wednesday.  Dressed deals in the North were at $200, $4 higher than last week’s weighted average basis in Nebraska. 

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