At the Chicago Mercantile Exchange, live and feeder cattle were lower waiting for direct business to develop. April live cattle closed $1.27 lower at $184.80 June live cattle closed $.92 lower at $182.20. March feeder cattle closed $1.12 lower at $245.55 and April feeder cattle close $0.50 lower at $251.20.
Direct cash cattle trade activity was quiet Wednesday. Bids did surface in Nebraska at $280 dressed. Asking prices were floated in the South at $182-plus live.
