At the Chicago Mercantile Exchange, live cattle closed higher and feeders were mostly higher watching corn, and waiting for the rest of the week’s direct cash business to develop. June live cattle closed $.90 higher at $134.22 and August live cattle closed $1.05 higher at $135.70. May feeder cattle closed $.95 higher at $159.95 and August feeder cattle closed $1.32 higher at $172.70.
Direct cash cattle trade was quiet on Wednesday following the light business that took place on Monday and Tuesday.
