At the Chicago Mercantile Exchange, live cattle were higher watching direct cash business develop, and feeder cattle were lower pressured by the higher corn.  June live cattle closed $1.17 higher at $133.57.  August feeder cattle closed $1.85 lower at $170. 

There was another light round of direct cash cattle trade that took place on Wednesday.  Live deals were at $140 in the South, generally steady with Tuesday’s business.  There was also some light live trade reported in Nebraska at $144. 

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