At the Chicago Mercantile Exchange, live and feeder closed lower watching corn and waiting for the rest of the week’s direct cash business develop. June live cattle closed $1.22 lower at $135.02 and August live cattle closed $1.22 lower at $135.02.  Mya feeder cattle closed $3.37 lower at $157.35 and August feeder cattle close $4.20 at $168.95. 

There were just a handful of direct cash cattle trades reported on Wednesday.  Dressed deals in Nebraska were at $230.  Those are marked for delayed delivery.  Live deals in Iowa at $146.

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