At the Chicago Mercantile Exchange, live and feeder cattle were lower, pressured by the lower boxed beef and waiting for direct cash business to develop. December live cattle were up $1.47 at $151.57 and February lives were up $0.62 at $154.15. January feeders were up $0.25 at $179.65 and March feeders were up $0.35 at $181.80.

There was a light direct cash cattle trade that took place across cattle country on Wednesday.  Live deals in the South were at $150 and dressed deals in the North were at $242. 

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