At the Chicago Mercantile Exchange, live and feeder cattle were lower ahead of widespread direct business. June live cattle closed $.92 lower at $163 and August live cattle closed $.37 lower at $161.17. August feeder cattle closed $.97 lower at $225.15 and September feeders closed $1.27 lower at $228.37.
Direct cash cattle trade has been slow to develop this week. Bids surfaced on Wednesday at $177 live and $275 dressed, but asking prices weren’t available.
