At the Chicago Mercantile Exchange, live and feeder cattle are lower, waiting for the rest of the week’s direct business to develop. June live cattle closed $1.50 lower at $131.50 and August live cattle closed $1.77 lower at $131.70.  August feeder cattle closed $.97 lower at $165.80 and September feeder cattle closed $.77 lower at $168.45. 

There was some very light, scattered direct cash cattle trade on Wednesday.  Dressed deals in Nebraska were at $227, fully steady money with Tuesday’s business. 

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